iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 52-Week High – Here’s Why

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high on Monday . The company traded as high as $119.71 and last traded at $120.8090, with a volume of 184215 shares changing hands. The stock had previously closed at $119.97.

iShares MSCI Global Min Vol Factor ETF Price Performance

The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 18.66 and a beta of 0.57. The business’s fifty day simple moving average is $119.61 and its 200 day simple moving average is $118.82.

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

Several large investors have recently added to or reduced their stakes in ACWV. NewEdge Advisors LLC boosted its position in shares of iShares MSCI Global Min Vol Factor ETF by 0.6% in the third quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock worth $3,463,000 after buying an additional 181 shares during the period. Triumph Capital Management acquired a new position in iShares MSCI Global Min Vol Factor ETF during the third quarter valued at $122,000. Ameriprise Financial Inc. lifted its stake in iShares MSCI Global Min Vol Factor ETF by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 239,112 shares of the company’s stock worth $28,676,000 after acquiring an additional 4,215 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in iShares MSCI Global Min Vol Factor ETF during the 3rd quarter worth about $4,523,000. Finally, Vantage Financial Partners LLC boosted its position in iShares MSCI Global Min Vol Factor ETF by 23.5% during the 3rd quarter. Vantage Financial Partners LLC now owns 15,672 shares of the company’s stock worth $1,879,000 after acquiring an additional 2,980 shares during the period.

iShares MSCI Global Min Vol Factor ETF Company Profile

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.