iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Sets New 1-Year High – Here’s What Happened

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $95.40 and last traded at $95.3770, with a volume of 9,718 shares changing hands. The stock had previously closed at $95.28.

iShares MSCI EAFE Min Vol Factor ETF Stock Down 0.0%

The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The company has a 50-day moving average price of $93.26 and a 200 day moving average price of $91.69.

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

Several hedge funds have recently bought and sold shares of EFAV. Cetera Investment Advisers grew its stake in iShares MSCI EAFE Min Vol Factor ETF by 2.5% during the 1st quarter. Cetera Investment Advisers now owns 356,879 shares of the company’s stock valued at $32,608,000 after acquiring an additional 8,781 shares in the last quarter. Armbruster Capital Management Inc. lifted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.0% in the first quarter. Armbruster Capital Management Inc. now owns 221,426 shares of the company’s stock worth $20,232,000 after purchasing an additional 2,133 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 213,922 shares of the company’s stock worth $19,546,000 after purchasing an additional 106,290 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 5,456.1% during the first quarter. Fifth Third Bancorp now owns 111,122 shares of the company’s stock worth $10,153,000 after purchasing an additional 109,122 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 8.5% during the second quarter. Baird Financial Group Inc. now owns 110,680 shares of the company’s stock worth $9,708,000 after purchasing an additional 8,660 shares during the period.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.