iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 12-Month High – Still a Buy?

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $91.93 and last traded at $91.28, with a volume of 1092839 shares traded. The stock had previously closed at $91.66.

iShares MSCI USA Min Vol Factor ETF Stock Performance

The company’s 50 day simple moving average is $92.33 and its 200 day simple moving average is $89.09. The stock has a market cap of $26.51 billion, a PE ratio of 25.30 and a beta of 0.59.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares during the last quarter. LPL Financial LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares during the period. Catalyst Capital Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% during the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock worth $307,185,000 after buying an additional 182,050 shares during the last quarter. Cerity Partners LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock worth $194,871,000 after acquiring an additional 17,264 shares during the period. Finally, Financial Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after acquiring an additional 16,576 shares during 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.