Modern Wealth Management LLC Has $20.21 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Modern Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 254.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,469 shares of the company’s stock after purchasing an additional 152,590 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $20,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of USMV. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $35,000. Howe & Rusling Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% during the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $48,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.65 on Friday. The stock’s 50 day moving average is $95.38 and its 200 day moving average is $94.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $98.07. The firm has a market cap of $24.67 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.