Bank Julius Baer & Co. Ltd Zurich Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Bank Julius Baer & Co. Ltd Zurich bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 5,703 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds also recently modified their holdings of the company. Frankly Finances LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $25,000. Investors Research Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $26,000. Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $29,000. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $29,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5%

USMV opened at $94.70 on Friday. The stock has a fifty day moving average of $94.01 and a 200-day moving average of $94.46. The firm has a market capitalization of $24.17 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07.

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.