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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Thursday. The stock traded as high as $104.75 and last traded at $104.2660, with a volume of 90,484 shares changing hands. The stock had previously closed at $104.50.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5%

The firm has a market capitalization of $25.83 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The company’s fifty day moving average is $100.57 and its two-hundred day moving average is $97.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Diversified Trust Co acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $1,844,000. Vista Capital Partners Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $549,000. 10Elms LLP lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.0% in the third quarter. 10Elms LLP now owns 102,165 shares of the company’s stock valued at $9,955,000 after buying an additional 5,762 shares during the period. ProVise Management Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $549,000. Finally, Moors & Cabot Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.1% during the third quarter. Moors & Cabot Inc. now owns 12,042 shares of the company’s stock worth $1,173,000 after buying an additional 242 shares during 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.