iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.53 and last traded at $92.86, with a volume of 2063105 shares changing hands. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.0 %

The stock has a market capitalization of $27.28 billion, a P/E ratio of 25.30 and a beta of 0.59. The business has a fifty day moving average price of $90.69 and a 200-day moving average price of $90.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Center for Financial Services increased its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Pacific Center for Financial Services now owns 131,406 shares of the company’s stock valued at $11,668,000 after acquiring an additional 940 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 20,890 shares of the company’s stock valued at $1,855,000 after acquiring an additional 323 shares during the last quarter. Orion Capital Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $62,000. 10Elms LLP purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $3,071,000. Finally, Focus Partners Advisor Solutions LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 36.3% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 7,463 shares of the company’s stock valued at $663,000 after acquiring an additional 1,988 shares during 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.