Independent Financial Group LLC Takes $5.37 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

Independent Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 57,944 shares of the company’s stock, valued at approximately $5,374,000.

Several other large investors have also recently bought and sold shares of USMV. Frankly Finances LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $25,000. Investors Research Corp purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $26,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $29,000. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $29,000. Finally, Ankerstar Wealth LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $31,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.5%

USMV stock opened at $96.60 on Friday. The company’s 50-day moving average price is $96.10 and its 200 day moving average price is $95.16. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.73. The company has a market cap of $24.65 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.