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) hit a new 52-week high on Monday . The company traded as high as $100.81 and last traded at $100.68, with a volume of 116491 shares. The stock had previously closed at $100.62.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The stock has a fifty day simple moving average of $96.95 and a 200-day simple moving average of $95.65. The stock has a market cap of $25.71 billion, a P/E ratio of 22.90 and a beta of 0.72.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Frankly Finances LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $29,000. Chapman Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $29,000. Ankerstar Wealth LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $31,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $33,000.

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.