iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High at $89.44

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $89.44 and last traded at $89.43, with a volume of 2253314 shares changing hands. The stock had previously closed at $88.89.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The company has a market cap of $26.36 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s 50 day simple moving average is $85.62 and its 200-day simple moving average is $83.21.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $30,000. Gleason Group Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $35,000. Finally, SYM FINANCIAL Corp boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% during the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock valued at $38,000 after acquiring an additional 340 shares in the last quarter.

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.