iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 1-Year High – Time to Buy?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $119.71 and last traded at $121.09, with a volume of 184215 shares trading hands. The stock had previously closed at $119.97.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The company has a market cap of $3.41 billion, a P/E ratio of 18.66 and a beta of 0.57. The stock has a 50-day moving average of $119.52 and a two-hundred day moving average of $119.23.

Hedge Funds Weigh In On iShares MSCI Global Min Vol Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Rathbones Group PLC boosted its position in iShares MSCI Global Min Vol Factor ETF by 15.7% during the fourth quarter. Rathbones Group PLC now owns 3,177 shares of the company’s stock valued at $377,000 after buying an additional 431 shares during the period. Cox Capital Mgt LLC boosted its holdings in iShares MSCI Global Min Vol Factor ETF by 3.1% during the 4th quarter. Cox Capital Mgt LLC now owns 3,665 shares of the company’s stock valued at $438,000 after acquiring an additional 109 shares during the period. Holos Integrated Wealth LLC bought a new position in iShares MSCI Global Min Vol Factor ETF during the 4th quarter worth approximately $127,000. Triumph Capital Management bought a new stake in iShares MSCI Global Min Vol Factor ETF in the 3rd quarter worth $122,000. Finally, NewEdge Advisors LLC raised its stake in shares of iShares MSCI Global Min Vol Factor ETF by 0.6% during the third quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock valued at $3,463,000 after acquiring an additional 181 shares during the last quarter.

About iShares MSCI Global Min Vol Factor ETF

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.