iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $89.53 and last traded at $89.49, with a volume of 2063105 shares changing hands. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.4 %

The company has a market capitalization of $26.33 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock has a 50 day moving average price of $91.16 and a 200 day moving average price of $89.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USMV. Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $38,000. Bfsg LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after purchasing an additional 228 shares during the last quarter. Arrow Financial Corp acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $45,000. Eastern Bank bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $92,000. Finally, American Capital Advisory LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 1,460.0% during the 3rd quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock worth $93,000 after buying an additional 949 shares during the period.

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.