iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $98.09 and last traded at $97.71, with a volume of 92105 shares. The stock had previously closed at $97.89.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.5%

The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock has a 50 day simple moving average of $95.60 and a 200 day simple moving average of $95.03.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% in the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock valued at $1,434,701,000 after buying an additional 465,870 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after acquiring an additional 98,221 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after acquiring an additional 251,970 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after acquiring an additional 145,843 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock worth $393,458,000 after acquiring an additional 489,637 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.