7,822 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Acquired by Illumine Investment Management LLC

Illumine Investment Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,822 shares of the company’s stock, valued at approximately $695,000.

A number of other institutional investors have also added to or reduced their stakes in USMV. Dynasty Wealth Management LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.4% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,203,928 shares of the company’s stock valued at $106,897,000 after buying an additional 93,543 shares in the last quarter. Parkside Financial Bank & Trust grew its position in iShares MSCI USA Min Vol Factor ETF by 43.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the company’s stock worth $178,000 after acquiring an additional 605 shares in the last quarter. QRG Capital Management Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 17.1% in the fourth quarter. QRG Capital Management Inc. now owns 6,436 shares of the company’s stock valued at $571,000 after acquiring an additional 942 shares during the last quarter. Brueske Advisory Services LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $1,446,000. Finally, Nwam LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.6% during the fourth quarter. Nwam LLC now owns 30,703 shares of the company’s stock worth $2,726,000 after purchasing an additional 180 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.3 %

USMV opened at $93.38 on Friday. The stock has a market capitalization of $23.73 billion, a P/E ratio of 24.43 and a beta of 0.79. The stock has a 50-day moving average price of $91.07 and a 200-day moving average price of $91.29. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.

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.