iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High at $81.21

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high on Monday . The company traded as high as $81.21 and last traded at $79.99, with a volume of 4103346 shares changing hands. The stock had previously closed at $80.46.

iShares MSCI USA Min Vol Factor ETF Price Performance

The business has a 50 day moving average price of $81.73 and a 200 day moving average price of $78.01. The stock has a market capitalization of $23.36 billion, a PE ratio of 25.31 and a beta of 0.59.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USMV. Bank of Montreal Can lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.8% in the 1st quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock valued at $646,000 after purchasing an additional 594 shares during the last quarter. Blair William & Co. IL lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.7% during the first quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock worth $7,417,000 after buying an additional 1,612 shares during the period. AJ Wealth Strategies LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 4.4% in the first quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock valued at $104,618,000 after purchasing an additional 57,434 shares during the last quarter. Founders Financial Securities LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 27.0% during the first quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock worth $6,887,000 after purchasing an additional 18,853 shares in the last quarter. Finally, West Michigan Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 6.1% in the first quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock worth $975,000 after acquiring an additional 719 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.