iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Sets New 52-Week High – Time to Buy?

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $95.17 and last traded at $94.9060, with a volume of 78732 shares trading hands. The stock had previously closed at $94.28.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The business’s fifty day simple moving average is $91.75 and its 200 day simple moving average is $91.39.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Watch Advisors INC bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 203.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 379 shares of the company’s stock valued at $35,000 after buying an additional 254 shares during the last quarter. CoreCap Advisors LLC increased its stake in iShares MSCI EAFE Min Vol Factor ETF by 94.6% in the 2nd quarter. CoreCap Advisors LLC now owns 502 shares of the company’s stock valued at $44,000 after buying an additional 244 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in iShares MSCI EAFE Min Vol Factor ETF in the 1st quarter valued at $53,000. Finally, Keenan LLC bought a new position in iShares MSCI EAFE Min Vol Factor ETF in the 4th quarter valued at $65,000.

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.