iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Reaches New 1-Year High – Should You Buy?

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.99 and last traded at $93.3150, with a volume of 693376 shares changing hands. The stock had previously closed at $93.66.

iShares MSCI EAFE Min Vol Factor ETF Price Performance

The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The stock’s 50-day moving average is $88.11 and its 200-day moving average is $86.16.

Institutional Investors Weigh In On iShares MSCI EAFE Min Vol Factor ETF

A number of institutional investors have recently added to or reduced their stakes in EFAV. Johnson Investment Counsel Inc. grew its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 2.2% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 5,762 shares of the company’s stock worth $489,000 after purchasing an additional 126 shares during the period. Joel Isaacson & Co. LLC lifted its position in iShares MSCI EAFE Min Vol Factor ETF by 1.4% during the fourth quarter. Joel Isaacson & Co. LLC now owns 10,258 shares of the company’s stock valued at $885,000 after buying an additional 138 shares in the last quarter. Brown Wealth Management LLC increased its position in shares of iShares MSCI EAFE Min Vol Factor ETF by 0.7% in the fourth quarter. Brown Wealth Management LLC now owns 20,821 shares of the company’s stock worth $1,796,000 after acquiring an additional 144 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 8.4% in the 4th quarter. Harbour Investments Inc. now owns 2,010 shares of the company’s stock valued at $173,000 after acquiring an additional 155 shares during the period. Finally, Patriot Investment Management Group Inc. boosted its position in iShares MSCI EAFE Min Vol Factor ETF by 1.8% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 9,046 shares of the company’s stock worth $767,000 after purchasing an additional 156 shares during the period.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. EFAV was launched on Oct 18, 2011 and is managed by BlackRock.