iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Reaches New 52-Week High – Time to Buy?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $96.77 and last traded at $96.7980, with a volume of 138778 shares trading hands. The stock had previously closed at $96.41.

iShares MSCI USA Min Vol Factor ETF Price Performance

The firm has a market capitalization of $24.64 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock has a fifty day simple moving average of $95.03 and a two-hundred day simple moving average of $94.40.

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

A number of large investors have recently bought and sold shares of the stock. Frankly Finances LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $25,000. Investors Research Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $26,000. Elevated Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $29,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $29,000. Finally, Manning & Napier Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $30,000.

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.