iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 12-Month High – Time to Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $89.53 and last traded at $91.91, with a volume of 2063105 shares trading hands. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.1 %

The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The stock has a 50-day moving average price of $91.87 and a 200 day moving average price of $91.61.

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

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $1,176,338,000. Focus Partners Wealth lifted its stake in iShares MSCI USA Min Vol Factor ETF by 261.0% in the 4th quarter. Focus Partners Wealth now owns 1,119,087 shares of the company’s stock worth $99,364,000 after purchasing an additional 809,082 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $62,801,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $32,334,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $32,129,000.

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.