9,672 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Acquired by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,672 shares of the company’s stock, valued at approximately $859,000. iShares MSCI USA Min Vol Factor ETF accounts for about 0.8% of Joel Adams & Associates Inc.’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USMV. Stonebridge Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $28,000. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $93.15 on Wednesday. The stock has a market capitalization of $27.29 billion, a PE ratio of 25.30 and a beta of 0.59. The stock’s 50 day moving average price is $90.69 and its 200-day moving average price is $90.94. 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 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.