iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 52-Week High – Here’s Why

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as $130.10 and last traded at $129.6070, with a volume of 11,271 shares. The stock had previously closed at $128.91.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock’s 50 day simple moving average is $126.24 and its 200 day simple moving average is $122.86. The firm has a market cap of $3.65 billion, a P/E ratio of 18.66 and a beta of 0.57.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ACWV. Root Financial Partners LLC bought a new stake in shares of iShares MSCI Global Min Vol Factor ETF during the 3rd quarter valued at about $31,000. Rathbones Group PLC grew its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 11.0% in the first quarter. Rathbones Group PLC now owns 3,528 shares of the company’s stock worth $422,000 after purchasing an additional 351 shares during the last quarter. Mascoma Wealth Management LLC purchased a new stake in iShares MSCI Global Min Vol Factor ETF in the 3rd quarter worth approximately $228,000. Lynx Investment Advisory purchased a new stake in iShares MSCI Global Min Vol Factor ETF in the third quarter worth about $272,000. Finally, Bulwark Capital Corp lifted its position in iShares MSCI Global Min Vol Factor ETF by 47.8% during the second quarter. Bulwark Capital Corp now owns 7,182 shares of the company’s stock valued at $863,000 after buying an additional 2,324 shares during the period.

iShares MSCI Global Min Vol Factor ETF Company Profile

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.