iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 1-Year High – Should You Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $93.94 and last traded at $93.36, with a volume of 1678034 shares traded. The stock had previously closed at $93.47.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s 50-day moving average is $91.35 and its 200-day moving average is $87.25.

Institutional Investors Weigh In On iShares MSCI USA Min Vol Factor ETF

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,017 shares of the company’s stock worth $458,000 after purchasing an additional 243 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the 3rd quarter. D.A. Davidson & CO. now owns 131,331 shares of the company’s stock worth $11,992,000 after purchasing an additional 2,350 shares in the last quarter. Patton Albertson Miller Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 11,317 shares of the company’s stock worth $1,033,000 after purchasing an additional 401 shares in the last quarter. Acorn Wealth Advisors LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 51,344 shares of the company’s stock worth $4,688,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Diversified LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.7% during the 3rd quarter. Diversified LLC now owns 30,240 shares of the company’s stock worth $2,761,000 after purchasing an additional 496 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Company Profile

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.