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

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $101.59 and last traded at $101.52, with a volume of 339607 shares. The stock had previously closed at $100.52.

iShares MSCI USA Min Vol Factor ETF Price Performance

The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The company has a 50-day simple moving average of $97.45 and a two-hundred day simple moving average of $95.85.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $29,000. Chapman Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $29,000. Ankerstar Wealth LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $33,000. Finally, Commonwealth Retirement Investments LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $34,000.

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.