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

Shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) hit a new 52-week high on Wednesday. The stock traded as high as $95.40 and last traded at $95.3770, with a volume of 9,718 shares. The stock had previously closed at $95.28.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 0.9%

The business has a fifty day simple moving average of $93.35 and a 200-day simple moving average of $91.74. The firm has a market cap of $6.28 billion, a P/E ratio of 16.91 and a beta of 0.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers grew its position in iShares MSCI EAFE Min Vol Factor ETF by 2.5% during the first quarter. Cetera Investment Advisers now owns 356,879 shares of the company’s stock valued at $32,608,000 after buying an additional 8,781 shares during the period. Armbruster Capital Management Inc. boosted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.0% in the first quarter. Armbruster Capital Management Inc. now owns 221,426 shares of the company’s stock worth $20,232,000 after acquiring an additional 2,133 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 213,922 shares of the company’s stock worth $19,546,000 after buying an additional 106,290 shares in the last quarter. Brookstone Capital Management bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the third quarter worth $18,230,000. Finally, Ledyard National Bank bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the third quarter worth $14,435,000.

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.