Tradewinds LLC. bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,375 shares of the company’s stock, valued at approximately $797,000.
Other hedge funds have also modified their holdings of the company. Avion Wealth grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $30,000. Phillips Financial Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $46,000. Finally, Howe & Rusling Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% during the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Trading Up 6.6%
Shares of USMV opened at $94.47 on Monday. The firm has a market cap of $24.11 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a fifty day moving average price of $94.31 and a 200-day moving average price of $93.98.
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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