Berman McAleer LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,822 shares of the company’s stock, valued at approximately $2,742,000.
A number of other hedge funds have also modified their holdings of USMV. Avion Wealth boosted its position in iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $30,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $35,000. Finally, Phillips Financial Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $46,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 7.1%
iShares MSCI USA Min Vol Factor ETF stock opened at $94.97 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The company has a fifty day simple moving average of $94.52 and a 200 day simple moving average of $94.06. The company has a market cap of $24.24 billion, a P/E ratio of 22.90 and a beta of 0.72.
About iShares MSCI USA Min Vol Factor ETF
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.
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