6,119 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Purchased by PFG Private Wealth Management LLC

PFG Private Wealth Management LLC purchased 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 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,119 shares of the company’s stock, valued at approximately $576,000. iShares MSCI USA Min Vol Factor ETF accounts for approximately 0.3% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Investors Research Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $26,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $30,000. Abound Wealth Management grew its position in 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 valued at $31,000 after acquiring an additional 271 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $35,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $92.74 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $98.07. The business has a fifty day moving average of $95.16 and a two-hundred day moving average of $94.54. The stock has a market cap of $23.67 billion, a PE 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.