iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 1-Year High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Tuesday . The stock traded as high as $98.77 and last traded at $98.72, with a volume of 377092 shares trading hands. The stock had previously closed at $97.55.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.1%

The business has a fifty day moving average of $96.32 and a 200-day moving average of $95.27. The firm has a market cap of $25.18 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

Large investors have recently modified their holdings of the company. WealthPLAN Partners LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 2.6% during the 4th quarter. WealthPLAN Partners LLC now owns 4,160 shares of the company’s stock worth $392,000 after acquiring an additional 105 shares during the period. Millstone Evans Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.3% in the fourth quarter. Millstone Evans Group LLC now owns 1,782 shares of the company’s stock worth $168,000 after purchasing an additional 106 shares during the period. Delta Wealth Advisors LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% in the first quarter. Delta Wealth Advisors LLC now owns 36,699 shares of the company’s stock worth $3,403,000 after buying an additional 108 shares in the last quarter. Mcmorgan & Co. LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% during the first quarter. Mcmorgan & Co. LLC now owns 28,238 shares of the company’s stock valued at $2,619,000 after buying an additional 108 shares during the period. Finally, KW Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. KW Wealth Management LLC now owns 13,553 shares of the company’s stock worth $1,276,000 after buying an additional 109 shares in the last quarter.

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.