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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $101.92 and last traded at $101.87, with a volume of 244630 shares. The stock had previously closed at $101.55.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The company has a fifty day simple moving average of $98.44 and a two-hundred day simple moving average of $96.20. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in iShares MSCI USA Min Vol Factor ETF by 3.2% during the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after buying an additional 465,870 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after buying an additional 251,970 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after buying an additional 489,637 shares in the last quarter. UBS Group AG raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock worth $333,587,000 after acquiring an additional 198,476 shares during the period.

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.