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:USMV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $89.53 and last traded at $93.35, with a volume of 2063105 shares trading hands. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Price Performance

The stock’s fifty day simple moving average is $90.92 and its 200-day simple moving average is $91.26. The firm has a market cap of $23.91 billion, a PE ratio of 24.43 and a beta of 0.79.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USMV. Fortitude Family Office LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $38,000. Diversify Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 82,946 shares of the company’s stock valued at $7,639,000 after purchasing an additional 7,863 shares in the last quarter. MONECO Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. MONECO Advisors LLC now owns 105,859 shares of the company’s stock worth $9,666,000 after purchasing an additional 712 shares during the period. Valmark Advisers Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Valmark Advisers Inc. now owns 219,949 shares of the company’s stock worth $20,084,000 after purchasing an additional 1,484 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 30.1% in the third quarter. First Trust Direct Indexing L.P. now owns 13,600 shares of the company’s stock valued at $1,242,000 after purchasing an additional 3,150 shares during the period.

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.