Wealth Enhancement Trust Services Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 30.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 44,937 shares of the company’s stock after buying an additional 10,560 shares during the quarter. Wealth Enhancement Trust Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,379,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of USMV. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $34,000. Beacon Financial Strategies CORP acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $42,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth $42,000. Hyposwiss Advisors SA bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $57,000. Finally, Union Savings Bank bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $70,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of BATS:USMV traded down $0.28 on Wednesday, hitting $99.49. The stock had a trading volume of 1,145,455 shares, compared to its average volume of 2,301,980. The firm’s 50 day moving average price is $99.84 and its 200-day moving average price is $96.85. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $102.21. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.
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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Want to see what other hedge funds are holding USMV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report).
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