iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Shares Up 0.1% – Still a Buy?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV)’s stock price shot up 0.1% on Wednesday . The stock traded as high as $121.29 and last traded at $120.99. 111,181 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 155,605 shares. The stock had previously closed at $120.90.

iShares MSCI Global Min Vol Factor ETF Price Performance

The firm has a 50 day simple moving average of $121.49 and a two-hundred day simple moving average of $120.34. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 18.66 and a beta of 0.57.

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

Hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of iShares MSCI Global Min Vol Factor ETF by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 239,112 shares of the company’s stock worth $28,676,000 after purchasing an additional 4,215 shares during the period. John A. Wolfe & Associates Inc. bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the 4th quarter worth approximately $6,600,000. M Holdings Securities Inc. bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the 3rd quarter worth approximately $4,523,000. NewEdge Advisors LLC boosted its stake in shares of iShares MSCI Global Min Vol Factor ETF by 0.6% during the 3rd quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock worth $3,463,000 after acquiring an additional 181 shares during the period. Finally, Vantage Financial Partners LLC lifted its holdings in iShares MSCI Global Min Vol Factor ETF by 0.8% during the 4th quarter. Vantage Financial Partners LLC now owns 15,792 shares of the company’s stock worth $1,875,000 after purchasing an additional 120 shares during the last quarter.

iShares MSCI Global Min Vol Factor ETF Company Profile

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.