iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 12-Month High – Should You Buy?

Shares of iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $109.12 and last traded at $114.00, with a volume of 90481 shares. The stock had previously closed at $108.14.

iShares MSCI Global Min Vol Factor ETF Price Performance

The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 16.96 and a beta of 0.47. The firm’s fifty day moving average is $110.95 and its two-hundred day moving average is $112.48.

Institutional Investors Weigh In On iShares MSCI Global Min Vol Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of iShares MSCI Global Min Vol Factor ETF in the fourth quarter worth $52,000. Brown Brothers Harriman & Co. acquired a new stake in iShares MSCI Global Min Vol Factor ETF in the 3rd quarter valued at approximately $1,729,000. Janney Montgomery Scott LLC increased its position in iShares MSCI Global Min Vol Factor ETF by 55.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,403 shares of the company’s stock worth $1,573,000 after buying an additional 5,134 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares MSCI Global Min Vol Factor ETF in the third quarter valued at approximately $77,000. Finally, AdvisorNet Financial Inc boosted its position in shares of iShares MSCI Global Min Vol Factor ETF by 52.5% in the fourth quarter. AdvisorNet Financial Inc now owns 1,388 shares of the company’s stock valued at $152,000 after acquiring an additional 478 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.