iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $99.36 and last traded at $99.35, with a volume of 870560 shares trading hands. The stock had previously closed at $98.27.
iShares MSCI USA Min Vol Factor ETF Price Performance
The stock has a fifty day simple moving average of $96.65 and a two-hundred day simple moving average of $95.47. The firm has a market capitalization of $25.49 billion, a P/E ratio of 22.90 and a beta of 0.72.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of USMV. Morgan Stanley raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock valued at $1,434,701,000 after purchasing an additional 465,870 shares during the period. Raymond James Financial Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 4th quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after buying an additional 251,970 shares during the period. Catalyst Capital Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 13.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after buying an additional 489,637 shares in the last quarter. UBS Group AG increased its position in iShares MSCI USA Min Vol Factor ETF by 2.3% in the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in iShares MSCI USA Min Vol Factor ETF by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock worth $333,587,000 after buying an additional 198,476 shares during the period.
iShares MSCI USA Min Vol Factor ETF Company Profile
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.
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