iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High at $91.35

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during trading on Monday . The company traded as high as $91.35 and last traded at $91.26, with a volume of 1477503 shares changing hands. The stock had previously closed at $91.07.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.2 %

The firm has a market cap of $26.74 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock’s 50-day simple moving average is $89.04 and its 200 day simple moving average is $85.05.

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

Institutional investors have recently made changes to their positions in the stock. Aveo Capital Partners LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 22.8% in the 4th quarter. Aveo Capital Partners LLC now owns 6,821 shares of the company’s stock worth $532,000 after acquiring an additional 1,265 shares during the last quarter. Gryphon Financial Partners LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $213,000. Scotia Capital Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 15.4% during the fourth quarter. Scotia Capital Inc. now owns 9,601 shares of the company’s stock valued at $749,000 after buying an additional 1,282 shares during the period. Belpointe Asset Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 66.6% during the fourth quarter. Belpointe Asset Management LLC now owns 5,947 shares of the company’s stock worth $464,000 after purchasing an additional 2,377 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 20,518 shares of the company’s stock worth $1,601,000 after purchasing an additional 167 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.