Forte Asset Management LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Forte Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,574 shares of the company’s stock, valued at approximately $435,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opes Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $209,000. ADE LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. ADE LLC now owns 103,392 shares of the company’s stock worth $8,068,000 after purchasing an additional 813 shares during the period. Fidelis Capital Partners LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 34.2% in the fourth quarter. Fidelis Capital Partners LLC now owns 13,939 shares of the company’s stock valued at $1,088,000 after acquiring an additional 3,556 shares during the last quarter. Western Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 9.9% in the fourth quarter. Western Wealth Management LLC now owns 47,419 shares of the company’s stock valued at $3,700,000 after acquiring an additional 4,273 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 47,620 shares of the company’s stock valued at $3,716,000 after acquiring an additional 520 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.1 %

BATS USMV traded up $0.08 during trading on Friday, reaching $80.00. The company’s stock had a trading volume of 2,565,928 shares. The stock has a market capitalization of $23.39 billion, a PE ratio of 25.31 and a beta of 0.59. The business has a 50-day moving average price of $81.71 and a 200-day moving average price of $78.04. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.