Sherman Wealth Management LLC Invests $2.86 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Sherman Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel reports. The institutional investor bought 30,410 shares of the company’s stock, valued at approximately $2,863,000. iShares MSCI USA Min Vol Factor ETF comprises 2.5% of Sherman Wealth Management LLC’s holdings, making the stock its 9th biggest holding.

A number of other large investors have also recently made changes to their positions in USMV. Investors Research Corp bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $26,000. Chapman Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $30,000. Abound Wealth Management raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% in the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $35,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $91.12 on Monday. The business has a fifty day simple moving average of $95.23 and a 200 day simple moving average of $94.58. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $98.07. The firm has a market capitalization of $23.25 billion, a P/E ratio of 22.90 and a beta of 0.72.

About iShares MSCI USA Min Vol Factor ETF

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.