Berkshire Money Management Inc. Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Berkshire Money Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the second quarter, Holdings Channel.com reports. The firm purchased 270,650 shares of the company’s stock, valued at approximately $25,406,000. iShares MSCI USA Min Vol Factor ETF comprises 2.7% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after purchasing an additional 3,352,591 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $130,668,000. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after purchasing an additional 568,565 shares during the period. Truist Financial Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 147.7% during the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after buying an additional 436,281 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 400.2% during the first quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after buying an additional 430,843 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.14 on Monday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The company’s fifty day simple moving average is $93.82 and its 200-day simple moving average is $92.80. The stock has a market capitalization of $24.28 billion, a PE ratio of 22.90 and a beta of 0.72.

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.