iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 52-Week High – Still a Buy?

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

iShares MSCI USA Min Vol Factor ETF Stock Down 0.3%

The firm has a 50-day moving average price of $95.44 and a two-hundred day moving average price of $94.96. The firm has a market cap of $24.91 billion, a PE ratio of 22.90 and a beta of 0.72.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Frankly Finances LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $25,000. Investors Research Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $26,000. Elevated Capital Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $29,000. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $29,000. Finally, Abound Wealth Management grew its holdings in iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares in the last quarter.

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.