Destination Wealth Management Boosts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Destination Wealth Management boosted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,865 shares of the company’s stock after purchasing an additional 350 shares during the period. Destination Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock valued at $181,000 after buying an additional 112 shares during the last quarter. Flputnam Investment Management Co. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% during the 4th quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock valued at $263,000 after buying an additional 123 shares during the last quarter. Mcdonald Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 4th quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock valued at $1,299,000 after buying an additional 125 shares during the last quarter. Aveo Capital Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the 4th quarter. Aveo Capital Partners LLC now owns 3,598 shares of the company’s stock valued at $319,000 after buying an additional 129 shares during the last quarter. Finally, First Bank & Trust lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.6% during the 4th quarter. First Bank & Trust now owns 5,338 shares of the company’s stock valued at $474,000 after buying an additional 133 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $93.84 on Friday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The business’s fifty day moving average price is $91.57 and its 200-day moving average price is $91.52. The stock has a market capitalization of $23.85 billion, a PE ratio of 24.43 and a beta of 0.79.

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.