iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 1-Year High at $83.58

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during trading on Monday . The company traded as high as $83.58 and last traded at $83.50, with a volume of 1517909 shares changing hands. The stock had previously closed at $82.87.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.8 %

The firm has a market cap of $24.47 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock’s 50 day moving average is $82.10 and its 200 day moving average is $80.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mosaic Family Wealth Partners LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 3.6% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 28,971 shares of the company’s stock valued at $2,421,000 after purchasing an additional 1,001 shares during the period. Soltis Investment Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 17.8% in the 1st quarter. Soltis Investment Advisors LLC now owns 10,940 shares of the company’s stock valued at $914,000 after purchasing an additional 1,655 shares during the period. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after acquiring an additional 1,384,833 shares during the period. Pacific Center for Financial Services lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Pacific Center for Financial Services now owns 129,261 shares of the company’s stock worth $10,804,000 after acquiring an additional 1,633 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $3,693,000.

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.