iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 52-Week High – Should You Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as $102.22 and last traded at $102.1740, with a volume of 184,400 shares changing hands. The stock had previously closed at $101.27.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The company has a market cap of $26.14 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock has a 50-day simple moving average of $100.15 and a 200 day simple moving average of $97.47.

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

A number of large investors have recently modified their holdings of the business. Shayne & Jacobs LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $368,000. Obermeyer Wealth Partners bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $349,000. Cardinal Point Capital Management ULC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $228,000. Centennial Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $496,000. Finally, Sowell Financial Services LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 71.5% in the third quarter. Sowell Financial Services LLC now owns 301,942 shares of the company’s stock worth $29,421,000 after acquiring an additional 125,928 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.