iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 52-Week High – Time to Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.01 and last traded at $92.42, with a volume of 706485 shares traded. The stock had previously closed at $92.87.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2 %

The stock’s fifty day moving average is $90.96 and its 200-day moving average is $86.17. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $30,000. Gleason Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $32,000. Hantz Financial Services Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $35,000. Finally, Bfsg LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 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.