5,944 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Purchased by Level Wealth Management LLC

Level Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the first quarter, Holdings Channel reports. The fund bought 5,944 shares of the company’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the period. Jane Street Group LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after acquiring an additional 27,868 shares during the last quarter. Hsbc Holdings PLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $399,000. First Trust Advisors LP grew its position in iShares MSCI USA Min Vol Factor ETF by 39.0% in the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock worth $736,000 after acquiring an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in iShares MSCI USA Min Vol Factor ETF by 465.5% in the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after acquiring an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $97.89 on Friday. The business has a fifty day moving average of $95.44 and a two-hundred day moving average of $94.96. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.07.

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.