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

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) reached a new 52-week high on Monday . The stock traded as high as $91.97 and last traded at $91.10, with a volume of 1571892 shares changing hands. The stock had previously closed at $91.00.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.5 %

The firm has a market capitalization of $26.56 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock has a fifty day moving average price of $91.13 and a 200-day moving average price of $86.47.

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

Several hedge funds and other institutional investors have recently made changes to their positions in USMV. Cetera Investment Advisers raised its holdings in iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after acquiring an additional 1,384,833 shares during the period. Dynasty Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $83,046,000. Carrera Capital Advisors purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $33,148,000. Symmetry Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 75.6% during the second quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock worth $64,585,000 after purchasing an additional 331,096 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 5,487.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock valued at $27,303,000 after buying an additional 325,904 shares in 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.