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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $94.16 and last traded at $93.87, with a volume of 2441771 shares. The stock had previously closed at $93.46.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The stock has a market cap of $27.67 billion, a PE ratio of 25.30 and a beta of 0.59. The company’s 50-day moving average price is $91.82 and its two-hundred day moving average price is $88.07.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $30,000. Gleason Group Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $33,000. Fortitude Family Office LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $38,000. Finally, Bfsg LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 116.9% during the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares during 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.