iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – Here’s What Happened

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

iShares MSCI USA Min Vol Factor ETF Stock Performance

The business has a fifty day moving average of $100.08 and a two-hundred day moving average of $97.34. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USMV. Kwmg LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6.5% during the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock worth $14,991,000 after acquiring an additional 9,418 shares during the period. TD Waterhouse Canada Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 19.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock valued at $3,398,000 after acquiring an additional 5,647 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $14,804,000. Rockefeller Capital Management L.P. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 11.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,560 shares of the company’s stock valued at $19,073,000 after acquiring an additional 21,184 shares in the last quarter. Finally, Invariant Investment Management acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $5,077,000.

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.