iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 12-Month High – Still a Buy?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $112.66 and last traded at $112.54, with a volume of 233385 shares traded. The stock had previously closed at $111.89.

iShares MSCI Global Min Vol Factor ETF Trading Up 0.7 %

The business has a 50 day moving average of $113.75 and a 200-day moving average of $109.31. The stock has a market cap of $4.56 billion, a PE ratio of 16.96 and a beta of 0.47.

Institutional Trading of iShares MSCI Global Min Vol Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Financial LLC raised its stake in iShares MSCI Global Min Vol Factor ETF by 0.9% in the 2nd quarter. Summit Financial LLC now owns 25,468 shares of the company’s stock valued at $2,665,000 after purchasing an additional 232 shares during the last quarter. Lynx Investment Advisory raised its position in shares of iShares MSCI Global Min Vol Factor ETF by 17.9% in the third quarter. Lynx Investment Advisory now owns 2,016 shares of the company’s stock valued at $231,000 after buying an additional 306 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Global Min Vol Factor ETF by 6.3% during the first quarter. BNP Paribas Financial Markets now owns 7,125 shares of the company’s stock valued at $750,000 after buying an additional 425 shares during the period. Bessemer Group Inc. lifted its stake in shares of iShares MSCI Global Min Vol Factor ETF by 1.3% during the first quarter. Bessemer Group Inc. now owns 166,436 shares of the company’s stock valued at $17,520,000 after buying an additional 2,056 shares during the period. Finally, Cable Hill Partners LLC acquired a new stake in iShares MSCI Global Min Vol Factor ETF during the third quarter worth approximately $246,000.

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.