iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 12-Month High – Here’s Why

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) shares reached a new 52-week high on Thursday. The company traded as high as $131.62 and last traded at $131.46, with a volume of 35,723 shares. The stock had previously closed at $131.37.

iShares MSCI Global Min Vol Factor ETF Trading Down 1.0%

The stock has a market cap of $3.67 billion, a P/E ratio of 18.66 and a beta of 0.57. The company’s fifty day simple moving average is $126.45 and its 200-day simple moving average is $123.06.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new stake in iShares MSCI Global Min Vol Factor ETF in the third quarter valued at $31,000. Rathbones Group PLC raised its stake in iShares MSCI Global Min Vol Factor ETF by 11.0% during the first quarter. Rathbones Group PLC now owns 3,528 shares of the company’s stock worth $422,000 after acquiring an additional 351 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the third quarter valued at $77,000. Mascoma Wealth Management LLC bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the third quarter valued at $228,000. Finally, Lynx Investment Advisory bought a new position in shares of iShares MSCI Global Min Vol Factor ETF during the third quarter valued at $272,000.

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.