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

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Monday . The stock traded as high as $98.09 and last traded at $97.71, with a volume of 92105 shares changing hands. The stock had previously closed at $97.89.

iShares MSCI USA Min Vol Factor ETF Price Performance

The stock has a market cap of $24.91 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average is $95.44 and its 200-day moving average is $94.96.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Junto Capital Management LP acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $85,107,000. Ritholtz Wealth Management acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $74,238,000. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10,472.3% in the 4th quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock valued at $75,398,000 after purchasing an additional 793,173 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 99.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock worth $106,053,000 after purchasing an additional 569,762 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% during the 3rd quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock worth $260,056,000 after purchasing an additional 565,200 shares during 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.