iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 52-Week High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $89.53 and last traded at $93.77, with a volume of 2063105 shares. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8 %

The firm’s 50-day moving average price is $91.57 and its 200 day moving average price is $91.55. The firm has a market cap of $23.83 billion, a P/E ratio of 24.43 and a beta of 0.79.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after acquiring an additional 112 shares during the last quarter. Smart Portfolios LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 2.2% during the fourth quarter. Smart Portfolios LLC now owns 5,235 shares of the company’s stock valued at $465,000 after buying an additional 112 shares in the last quarter. Heritage Wealth Advisors raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 27.4% during the fourth quarter. Heritage Wealth Advisors now owns 544 shares of the company’s stock valued at $48,000 after acquiring an additional 117 shares during the period. Flputnam Investment Management Co. raised its stake in iShares MSCI USA Min Vol Factor ETF by 4.3% during the 4th quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock valued at $263,000 after purchasing an additional 123 shares during the period. Finally, Mcdonald Partners LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the fourth quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock worth $1,299,000 after buying an additional 125 shares during the period.

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.