iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Hits New 12-Month High at $91.46

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 $91.46 and last traded at $91.80, with a volume of 1148376 shares traded. The stock had previously closed at $91.34.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5 %

The firm has a 50 day moving average price of $88.31 and a 200 day moving average price of $84.59. The stock has a market cap of $26.62 billion, a P/E ratio of 25.30 and a beta of 0.59.

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

A number of hedge funds have recently modified their holdings of USMV. Heritage Wealth Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $359,000. Sanctuary Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $18,422,000. Creekside Partners purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $1,451,000. Carrera Capital Advisors purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,148,000. Finally, New Century Financial Group LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 37.6% during the 2nd quarter. New Century Financial Group LLC now owns 20,816 shares of the company’s stock valued at $1,748,000 after purchasing an additional 5,685 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.