Gateway Wealth Partners LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 114.3% in the 1st quarter, Holdings Channel reports. The firm owned 107,296 shares of the company’s stock after purchasing an additional 57,228 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,951,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Frankly Finances LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $25,000. Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $29,000. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $29,000. Ankerstar Wealth LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $33,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
USMV stock opened at $96.95 on Monday. The company has a market capitalization of $24.74 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 $91.02 and a 12-month high of $98.73. The business’s fifty day moving average price is $96.29 and its 200 day moving average price is $95.24.
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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