iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 1-Year High – Time to Buy?

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Tuesday . The stock traded as high as $96.55 and last traded at $96.0560, with a volume of 4746076 shares. The stock had previously closed at $95.19.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The firm has a market cap of $24.48 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm’s 50 day moving average is $94.76 and its 200-day moving average is $94.25.

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

A number of institutional investors have recently modified their holdings of USMV. Bank of Montreal Can boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% during the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after acquiring an additional 4,045 shares during the period. Insight Inv LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $1,083,000. Win Advisors Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $899,000. Dynasty Wealth Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 7.2% during the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock valued at $120,051,000 after purchasing an additional 84,969 shares during the period. Finally, Cynosure Group LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 16.8% in the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after buying an additional 6,104 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.