iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares reached a new 52-week high on Monday . The company traded as high as $89.53 and last traded at $92.96, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Price Performance

The company has a market capitalization of $27.24 billion, a PE ratio of 25.30 and a beta of 0.59. The stock has a 50-day simple moving average of $90.76 and a 200 day simple moving average of $90.63.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $247,000. Simplicity Wealth LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.1% in the third quarter. Simplicity Wealth LLC now owns 17,085 shares of the company’s stock worth $1,560,000 after acquiring an additional 1,130 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 13.5% during the third quarter. Valeo Financial Advisors LLC now owns 2,789 shares of the company’s stock worth $255,000 after buying an additional 332 shares in the last quarter. MorganRosel Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the third quarter. MorganRosel Wealth Management LLC now owns 100,316 shares of the company’s stock worth $9,160,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Hart & Patterson Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $460,000.

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.