iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 52-Week High – Still a Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $96.55 and last traded at $96.0560, with a volume of 4746076 shares. The stock had previously closed at $95.19.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.3%

The company’s 50 day simple moving average is $94.76 and its 200 day simple moving average is $94.25. The stock has a market capitalization of $24.48 billion, a PE ratio of 22.90 and a beta of 0.72.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% during the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after acquiring an additional 4,045 shares during the period. Insight Inv LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $1,083,000. Win Advisors Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $899,000. Dynasty Wealth Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% during the third quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock valued at $120,051,000 after buying an additional 84,969 shares in the last quarter. Finally, Cynosure Group LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 16.8% during the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after acquiring an additional 6,104 shares in the last quarter.

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.