iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Hits New 12-Month High – Still a Buy?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) reached a new 52-week high during trading on Wednesday . The stock traded as high as $127.43 and last traded at $127.40, with a volume of 5088 shares trading hands. The stock had previously closed at $126.03.

iShares MSCI Global Min Vol Factor ETF Trading Up 0.9%

The business has a fifty day simple moving average of $122.59 and a two-hundred day simple moving average of $121.82. The company has a market cap of $3.59 billion, a PE ratio of 18.66 and a beta of 0.57.

Hedge Funds Weigh In On iShares MSCI Global Min Vol Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of ACWV. Vantage Financial Partners LLC increased its position in shares of iShares MSCI Global Min Vol Factor ETF by 0.8% in the 4th quarter. Vantage Financial Partners LLC now owns 15,792 shares of the company’s stock valued at $1,875,000 after purchasing an additional 120 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of iShares MSCI Global Min Vol Factor ETF by 0.6% in the 3rd quarter. NewEdge Advisors LLC now owns 28,874 shares of the company’s stock valued at $3,463,000 after acquiring an additional 181 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares MSCI Global Min Vol Factor ETF by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,838 shares of the company’s stock worth $1,287,000 after acquiring an additional 231 shares in the last quarter. Rathbones Group PLC raised its position in shares of iShares MSCI Global Min Vol Factor ETF by 11.0% during the 1st 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. Finally, VSM Wealth Advisory LLC purchased a new stake in iShares MSCI Global Min Vol Factor ETF during the fourth quarter worth approximately $46,000.

About iShares MSCI Global Min Vol Factor ETF

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.