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

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)’s stock price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $131.62 and last traded at $131.46, with a volume of 35,723 shares traded. The stock had previously closed at $131.37.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock has a 50-day simple moving average of $126.45 and a 200 day simple moving average of $123.06. The stock has a market capitalization of $3.67 billion, a P/E ratio of 18.66 and a beta of 0.57.

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

Several hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in iShares MSCI Global Min Vol Factor ETF in the third quarter worth about $31,000. Parallel Advisors LLC bought a new stake in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter worth about $77,000. Mascoma Wealth Management LLC bought a new stake in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter worth about $228,000. Lynx Investment Advisory acquired a new position in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter valued at about $272,000. Finally, First Community Trust NA acquired a new position in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter valued at about $306,000.

About iShares MSCI Global Min Vol Factor ETF

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.