iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 12-Month High – Still a Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMVGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $89.53 and last traded at $89.49, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.2 %

The business has a 50 day moving average of $91.29 and a 200-day moving average of $89.86. The stock has a market cap of $26.28 billion, a PE ratio of 25.30 and a beta of 0.59.

Institutional Trading of 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. SpiderRock Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $629,000. Headlands Technologies LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $30,000. EdgeRock Capital LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 5.3% in the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after acquiring an additional 3,371 shares during the period. Integrated Wealth Concepts LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after acquiring an additional 43,846 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Thrivent Financial for Lutherans now owns 232,184 shares of the company’s stock valued at $19,494,000 after purchasing an additional 1,785 shares during the period.

iShares MSCI USA Min Vol Factor ETF Company Profile

(Get Free Report)

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.

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