Potentia Wealth Takes $1.13 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Potentia Wealth bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,700 shares of the company’s stock, valued at approximately $1,128,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMV. Meridian Wealth Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,308 shares of the company’s stock valued at $576,000 after acquiring an additional 258 shares during the period. Larson Financial Group LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 147.2% in the third quarter. Larson Financial Group LLC now owns 3,270 shares of the company’s stock valued at $299,000 after acquiring an additional 1,947 shares in the last quarter. Cahill Financial Advisors Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 10.6% during the third quarter. Cahill Financial Advisors Inc. now owns 3,754 shares of the company’s stock valued at $343,000 after buying an additional 359 shares during the period. Diversified LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.7% in the third quarter. Diversified LLC now owns 30,240 shares of the company’s stock worth $2,761,000 after buying an additional 496 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 51,344 shares of the company’s stock valued at $4,688,000 after buying an additional 1,381 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.0 %

Shares of USMV opened at $93.08 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $79.69 and a 12-month high of $95.12. The business’s 50 day moving average is $92.36 and its 200 day moving average is $91.68. The company has a market capitalization of $24.29 billion, a PE ratio of 24.03 and a beta of 0.77.

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.