iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) Reaches New 12-Month High – What’s Next?

iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $95.17 and last traded at $94.9060, with a volume of 78732 shares trading hands. The stock had previously closed at $94.28.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 1.1%

The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 16.91 and a beta of 0.57. The company’s fifty day simple moving average is $91.75 and its 200 day simple moving average is $91.39.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its stake in iShares MSCI EAFE Min Vol Factor ETF by 9.0% during the fourth quarter. Morgan Stanley now owns 2,310,102 shares of the company’s stock worth $199,246,000 after acquiring an additional 190,252 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 32.6% during the second quarter. Ameriprise Financial Inc. now owns 767,283 shares of the company’s stock valued at $64,520,000 after acquiring an additional 188,461 shares during the last quarter. UBS Group AG lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 9.5% during the third quarter. UBS Group AG now owns 712,195 shares of the company’s stock worth $60,416,000 after purchasing an additional 61,925 shares during the period. Sei Investments Co. lifted its holdings in shares of iShares MSCI EAFE Min Vol Factor ETF by 1.8% during the third quarter. Sei Investments Co. now owns 633,870 shares of the company’s stock worth $53,766,000 after purchasing an additional 10,997 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 4.6% in the second quarter. Raymond James Financial Inc. now owns 439,656 shares of the company’s stock worth $36,957,000 after purchasing an additional 19,227 shares during the last quarter.

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.