Macco Financial Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,686 shares of the company’s stock, valued at approximately $2,324,000. iShares MSCI USA Min Vol Factor ETF comprises 2.0% of Macco Financial Group Inc.’s investment portfolio, making the stock its 15th biggest position.
Several other institutional investors have also recently modified their holdings of the stock. Frankly Finances LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th 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 acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $29,000. Finally, Abound Wealth Management increased its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Trading Down 0.4%
Shares of USMV stock opened at $94.24 on Friday. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm has a 50-day moving average price of $95.04 and a 200 day moving average price of $94.85. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $98.07.
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.
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