Investment Partners LTD. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 53,258 shares of the company’s stock, valued at approximately $5,190,000.
A number of other institutional investors have also made changes to their positions in the stock. Apollon Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1,040.9% in the third quarter. Apollon Wealth Management LLC now owns 989,315 shares of the company’s stock valued at $96,399,000 after purchasing an additional 902,603 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 99.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after buying an additional 569,762 shares during the period. Anderson Hoagland & Co. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $26,131,000. Citizens Financial Group Inc. RI bought a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $21,050,000. Finally, Piedmont Capital Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $19,753,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of BATS:USMV opened at $102.93 on Friday. The firm’s 50 day simple moving average is $100.46 and its 200 day simple moving average is $96.99. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $103.84. The company has a market capitalization of $26.27 billion, a price-to-earnings 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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