iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 52-Week High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $96.77 and last traded at $96.7980, with a volume of 138778 shares traded. The stock had previously closed at $96.41.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.0%

The firm has a 50 day moving average price of $95.17 and a two-hundred day moving average price of $94.45. The company has a market cap of $24.96 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

Institutional Investors Weigh In On iShares MSCI USA Min Vol Factor ETF

Several institutional investors have recently made changes to their positions in the stock. Frankly Finances LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $25,000. Investors Research Corp purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $29,000. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Finally, Manning & Napier Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $30,000.

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.