iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 52-Week High – Here’s Why

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $89.53 and last traded at $90.68, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The firm has a market capitalization of $26.57 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50-day moving average is $91.09 and its 200 day moving average is $90.03.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $1,369,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 16.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,655 shares of the company’s stock valued at $559,000 after acquiring an additional 956 shares during the last quarter. Thrivent Financial for Lutherans increased its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 232,184 shares of the company’s stock worth $19,494,000 after purchasing an additional 1,785 shares in the last quarter. Commonwealth Financial Services LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $219,000. Finally, Bank of Montreal Can lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 572.4% in the 2nd quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock valued at $21,142,000 after purchasing an additional 213,145 shares in 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.