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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price reached a new 52-week high on Monday . The company traded as high as $100.81 and last traded at $100.68, with a volume of 116491 shares changing hands. The stock had previously closed at $100.62.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.3%

The firm has a market cap of $25.76 billion, a P/E ratio of 22.90 and a beta of 0.72. The business’s fifty day simple moving average is $96.80 and its 200-day simple moving average is $95.55.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in USMV. Frankly Finances LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $25,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $29,000. Chapman Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $29,000. Ankerstar Wealth LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $31,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $33,000.

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.