Avantax Planning Partners Inc. Purchases 5,142 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Avantax Planning Partners Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,142 shares of the company’s stock, valued at approximately $501,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $171,412,000. Apollon Wealth Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1,040.9% in the 3rd 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 period. Geneos Wealth Management Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 99.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after purchasing an additional 569,762 shares during the period. Anderson Hoagland & Co. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $26,131,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $21,050,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $102.96 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $104.75. The company has a market capitalization of $24.10 billion, a P/E ratio of 23.08 and a beta of 0.63. The company has a 50-day simple moving average of $100.59 and a 200 day simple moving average of $97.24.

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.