iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 52-Week High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $96.31 and last traded at $96.1040, with a volume of 181080 shares traded. The stock had previously closed at $95.90.

iShares MSCI USA Min Vol Factor ETF Price Performance

The business’s 50-day moving average is $94.60 and its 200 day moving average is $94.16. The firm has a market capitalization of $24.53 billion, a P/E ratio of 22.90 and a beta of 0.72.

Institutional Investors Weigh In On iShares MSCI USA Min Vol Factor ETF

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after acquiring an additional 98,221 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after purchasing an additional 206,108 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after buying an additional 145,843 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after purchasing an additional 81,787 shares during the period. Finally, Millburn Ridgefield LLC DE lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after buying an additional 190,646 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.