Schmidt P J Investment Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,320 shares of the company’s stock, valued at approximately $616,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. NFSG Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 134.6% in the third quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the last quarter. Beacon Financial Strategies CORP purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $42,000. Next Level Wealth Planning LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $71,000. MADDEN SECURITIES Corp bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $74,000. Finally, Main Street Group LTD bought a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $77,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 1.7%
USMV opened at $104.50 on Thursday. The stock has a 50-day moving average price of $100.58 and a 200-day moving average price of $97.13. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $104.56. The stock has a market capitalization of $26.67 billion, a P/E ratio of 22.90 and a beta of 0.72.
About iShares MSCI USA Min Vol Factor ETF
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.
Read More
- Five stocks we like better than iShares MSCI USA Min Vol Factor ETF
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for iShares MSCI USA Min Vol Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI USA Min Vol Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
