iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 1-Year High at $81.31

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.31 and last traded at $81.27, with a volume of 1406089 shares traded. The stock had previously closed at $80.93.

iShares MSCI USA Min Vol Factor ETF Price Performance

The business’s 50-day simple moving average is $81.80 and its 200-day simple moving average is $78.48. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 25.31 and a beta of 0.59.

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

Several institutional investors and hedge funds have recently modified their holdings of USMV. Phillips Wealth Planners LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% in the 4th quarter. Phillips Wealth Planners LLC now owns 5,887 shares of the company’s stock worth $464,000 after acquiring an additional 134 shares during the period. Yarger Wealth Strategies LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock valued at $1,079,000 after purchasing an additional 139 shares during the period. Hoese & Co LLP boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% during the fourth quarter. Hoese & Co LLP now owns 54,001 shares of the company’s stock valued at $4,123,000 after acquiring an additional 140 shares during the period. Archer Investment Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 3.4% during the 3rd quarter. Archer Investment Corp now owns 4,462 shares of the company’s stock valued at $323,000 after purchasing an additional 146 shares during the period. Finally, Adamsbrown Wealth Consultants LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.9% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 3,220 shares of the company’s stock valued at $251,000 after purchasing an additional 149 shares during the period.

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.