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

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during trading on Wednesday . The company traded as high as $101.59 and last traded at $101.52, with a volume of 339607 shares trading hands. The stock had previously closed at $100.52.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The firm has a fifty day moving average of $97.45 and a 200-day moving average of $95.85. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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

A number of large investors have recently modified their holdings of the stock. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $29,000. Chapman Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Ankerstar Wealth LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $31,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $33,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $34,000.

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.