Courier Capital LLC Invests $201,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Courier Capital LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,570 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USMV. Bank of Montreal Can grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.8% in the first quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock valued at $646,000 after buying an additional 594 shares in the last quarter. Blair William & Co. IL raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.7% during the first quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock valued at $7,417,000 after purchasing an additional 1,612 shares during the period. AJ Wealth Strategies LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.4% during the first quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock worth $104,618,000 after purchasing an additional 57,434 shares in the last quarter. Founders Financial Securities LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 27.0% in the first quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock valued at $6,887,000 after purchasing an additional 18,853 shares during the period. Finally, West Michigan Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 6.1% during the 1st quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock valued at $975,000 after purchasing an additional 719 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.1 %

USMV stock opened at $83.36 on Thursday. The company has a market capitalization of $31.98 billion, a PE ratio of 20.17 and a beta of 0.75. The stock’s 50 day moving average is $81.13 and its two-hundred day moving average is $77.22. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.