iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High – Still a Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high on Monday . The company traded as high as $91.99 and last traded at $91.51, with a volume of 1718483 shares trading hands. The stock had previously closed at $91.15.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.7 %

The business’s 50 day moving average price is $91.52 and its two-hundred day moving average price is $87.64. The stock has a market cap of $26.95 billion, a P/E ratio of 25.30 and a beta of 0.59.

Institutional Trading of iShares MSCI USA Min Vol Factor ETF

Large investors have recently made changes to their positions in the business. Raymond James & Associates raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after acquiring an additional 146,632 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after buying an additional 91,948 shares during the period. LPL Financial LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after acquiring an additional 182,050 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after acquiring an additional 31,625 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.