Able Wealth Management LLC Acquires 6,696 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Able Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 81,559 shares of the company’s stock after acquiring an additional 6,696 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 2.0% of Able Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Able Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Frankly Finances LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $25,000. Investors Research Corp purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $26,000. Elevated Capital Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $29,000. Chapman Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $29,000. Finally, Abound Wealth Management raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% during the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 271 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $96.89 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.07. The stock’s 50-day simple moving average is $95.29 and its 200 day simple moving average is $94.92. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.