iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 52-Week High – Still a Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during trading on Monday . The stock traded as high as $94.16 and last traded at $93.87, with a volume of 2441771 shares. The stock had previously closed at $93.46.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1 %

The stock has a fifty day simple moving average of $91.82 and a two-hundred day simple moving average of $88.07. The firm has a market cap of $27.67 billion, a PE ratio of 25.30 and a beta of 0.59.

Hedge Funds Weigh In On iShares MSCI USA Min Vol Factor ETF

Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $30,000. Gleason Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $32,000. Hantz Financial Services Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $35,000. Finally, Fortitude Family Office LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $38,000.

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.