Summit Global Investments purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,328 shares of the company’s stock, valued at approximately $1,700,000.
Several other large investors have also made changes to their positions in the business. Frankly Finances LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $25,000. Elevated Capital Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Abound Wealth Management boosted its stake in iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares during the period. Finally, Ankerstar Wealth LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $31,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of USMV opened at $96.50 on Tuesday. The firm has a market cap of $24.63 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.73. The company has a 50 day simple moving average of $96.15 and a two-hundred day simple moving average of $95.18.
iShares MSCI USA Min Vol Factor ETF Company 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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