iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 1-Year High – Still a Buy?

Shares of iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $109.12 and last traded at $110.42, with a volume of 90481 shares. The stock had previously closed at $108.14.

iShares MSCI Global Min Vol Factor ETF Price Performance

The stock’s 50 day moving average is $111.45 and its 200-day moving average is $111.55. The company has a market capitalization of $4.48 billion, a P/E ratio of 16.96 and a beta of 0.47.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Modus Advisors LLC bought a new stake in iShares MSCI Global Min Vol Factor ETF in the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares MSCI Global Min Vol Factor ETF during the 3rd quarter worth $77,000. AdvisorNet Financial Inc lifted its position in shares of iShares MSCI Global Min Vol Factor ETF by 52.5% during the fourth quarter. AdvisorNet Financial Inc now owns 1,388 shares of the company’s stock valued at $152,000 after buying an additional 478 shares during the last quarter. Lynx Investment Advisory lifted its position in iShares MSCI Global Min Vol Factor ETF by 17.9% during the third quarter. Lynx Investment Advisory now owns 2,016 shares of the company’s stock valued at $231,000 after acquiring an additional 306 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of iShares MSCI Global Min Vol Factor ETF in the 3rd quarter worth $246,000.

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.