iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price hit a new 52-week high on Monday . The company traded as high as $89.53 and last traded at $92.96, with a volume of 2063105 shares. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1 %

The company’s fifty day moving average is $90.74 and its 200-day moving average is $90.72. The firm has a market capitalization of $27.31 billion, a P/E ratio of 25.30 and a beta of 0.59.

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

A number of hedge funds have recently bought and sold shares of USMV. VSM Wealth Advisory LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $27,000. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $30,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after acquiring an additional 143 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.