25,274 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Purchased by Burton Enright Welch

Burton Enright Welch purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,274 shares of the company’s stock, valued at approximately $2,463,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Avantax Planning Partners Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $501,000. Brighton Jones LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $1,008,000. StoneX Group Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $1,085,000. Leelyn Smith LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.7% during the 3rd quarter. Leelyn Smith LLC now owns 168,833 shares of the company’s stock worth $16,451,000 after purchasing an additional 2,874 shares in the last quarter. Finally, Verus Capital Partners LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.1% during the 3rd quarter. Verus Capital Partners LLC now owns 139,731 shares of the company’s stock worth $13,615,000 after purchasing an additional 1,561 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $101.23 on Monday. The stock’s 50-day moving average is $100.57 and its two-hundred day moving average is $97.20. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $104.75. The company has a market cap of $23.70 billion, a price-to-earnings ratio of 23.08 and a beta of 0.63.

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.