iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 1-Year High – What’s Next?

Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) reached a new 52-week high on Tuesday . The company traded as high as $98.77 and last traded at $98.72, with a volume of 377092 shares changing hands. The stock had previously closed at $97.55.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.1%

The firm has a market capitalization of $25.18 billion, a PE ratio of 22.90 and a beta of 0.72. The business has a 50-day moving average of $96.32 and a 200 day moving average of $95.27.

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

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the last quarter. Jane Street Group LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after purchasing an additional 27,868 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $399,000. First Trust Advisors LP grew its stake in iShares MSCI USA Min Vol Factor ETF by 39.0% in the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after buying an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in iShares MSCI USA Min Vol Factor ETF by 465.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after buying an additional 201,483 shares in 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.