iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High – Here’s Why

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $91.93 and last traded at $91.28, with a volume of 1092839 shares traded. The stock had previously closed at $91.66.

iShares MSCI USA Min Vol Factor ETF Price Performance

The company has a 50 day simple moving average of $92.33 and a 200-day simple moving average of $89.09. The stock has a market capitalization of $26.51 billion, a P/E ratio of 25.30 and a beta of 0.59.

Hedge Funds Weigh In On iShares MSCI USA Min Vol Factor ETF

Several large investors have recently modified their holdings of the business. Courier Capital LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.6% during the 2nd quarter. Courier Capital LLC now owns 2,817 shares of the company’s stock valued at $237,000 after purchasing an additional 247 shares during the period. All Season Financial Advisors Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $1,207,000. Geneos Wealth Management Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.7% in the second quarter. Geneos Wealth Management Inc. now owns 545,903 shares of the company’s stock valued at $45,834,000 after acquiring an additional 24,293 shares during the period. &PARTNERS boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 396.0% in the second quarter. &PARTNERS now owns 30,440 shares of the company’s stock valued at $2,556,000 after acquiring an additional 24,303 shares during the period. Finally, My Legacy Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $428,000.

About iShares MSCI USA Min Vol Factor ETF

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.