iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 52-Week High – What’s Next?

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.53 and last traded at $92.86, with a volume of 2063105 shares traded. The stock had previously closed at $88.64.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.7 %

The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The firm has a fifty day simple moving average of $90.74 and a 200-day simple moving average of $91.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USMV. Capital Investment Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $203,000. Whittier Trust Co. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 73.6% during the third quarter. Whittier Trust Co. now owns 25,011 shares of the company’s stock worth $2,284,000 after purchasing an additional 10,600 shares during the last quarter. Foundations Investment Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 5.3% in the third quarter. Foundations Investment Advisors LLC now owns 66,647 shares of the company’s stock valued at $6,086,000 after purchasing an additional 3,369 shares in the last quarter. Eastern Bank bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $92,000. Finally, Greenleaf Trust boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.7% during the 3rd quarter. Greenleaf Trust now owns 10,457 shares of the company’s stock worth $955,000 after buying an additional 275 shares during 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.