iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 12-Month High – Here’s What Happened

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high during trading on Monday . The company traded as high as $114.05 and last traded at $114.28, with a volume of 49080 shares trading hands. The stock had previously closed at $113.95.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 16.96 and a beta of 0.47. The firm’s 50-day simple moving average is $113.78 and its two-hundred day simple moving average is $109.64.

Hedge Funds Weigh In On iShares MSCI Global Min Vol Factor ETF

Large investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in iShares MSCI Global Min Vol Factor ETF in the 3rd quarter worth $1,729,000. Magnolia Capital Advisors LLC bought a new stake in shares of iShares MSCI Global Min Vol Factor ETF in the 2nd quarter worth $1,566,000. Vantage Financial Partners LLC increased its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 24.2% in the 2nd quarter. Vantage Financial Partners LLC now owns 11,814 shares of the company’s stock worth $1,236,000 after purchasing an additional 2,301 shares in the last quarter. Cable Hill Partners LLC purchased a new position in shares of iShares MSCI Global Min Vol Factor ETF in the third quarter worth $246,000. Finally, Lynx Investment Advisory bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the second quarter valued at $179,000.

About iShares MSCI Global Min Vol Factor ETF

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.