iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Reaches New 12-Month High – Time to Buy?

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) shares hit a new 52-week high on Monday . The company traded as high as $92.33 and last traded at $92.4350, with a volume of 690669 shares changing hands. The stock had previously closed at $91.57.

iShares MSCI EAFE Min Vol Factor ETF Stock Performance

The firm has a fifty day simple moving average of $87.35 and a 200 day simple moving average of $85.78. The company has a market capitalization of $6.03 billion, a PE ratio of 16.91 and a beta of 0.57.

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

Several hedge funds have recently modified their holdings of EFAV. Brighton Jones LLC raised its position in iShares MSCI EAFE Min Vol Factor ETF by 41.7% during the fourth quarter. Brighton Jones LLC now owns 3,780 shares of the company’s stock worth $267,000 after acquiring an additional 1,112 shares during the period. AQR Capital Management LLC purchased a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF during the first quarter worth about $1,113,000. Janney Montgomery Scott LLC lifted its stake in iShares MSCI EAFE Min Vol Factor ETF by 1.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 18,854 shares of the company’s stock valued at $1,585,000 after buying an additional 253 shares in the last quarter. Blair William & Co. IL boosted its holdings in iShares MSCI EAFE Min Vol Factor ETF by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 6,288 shares of the company’s stock worth $529,000 after buying an additional 163 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 6.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 2,861 shares of the company’s stock worth $240,000 after buying an additional 162 shares in the last quarter.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.