Diversify Wealth Management LLC Invests $298,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Diversify Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,247 shares of the company’s stock, valued at approximately $298,000.

Other large investors also recently modified their holdings of the company. Raymond James & Associates lifted its position in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after purchasing an additional 146,632 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after buying an additional 182,050 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after buying an additional 31,625 shares during the period. Cetera Investment Advisers increased its stake in iShares MSCI USA Min Vol Factor ETF by 270.9% in the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after buying an additional 1,384,833 shares during the period. Finally, Financial Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock worth $101,282,000 after acquiring an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $89.99 on Friday. The firm has a 50 day moving average of $91.14 and a two-hundred day moving average of $86.59. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

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.