Macco Financial Group Inc. Buys Shares of 24,686 iShares MSCI USA Min Vol Factor ETF $USMV

Macco Financial Group Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,686 shares of the company’s stock, valued at approximately $2,324,000. iShares MSCI USA Min Vol Factor ETF accounts for approximately 2.0% of Macco Financial Group Inc.’s holdings, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frankly Finances LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $25,000. Investors Research Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $26,000. Elevated Capital Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $29,000. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $29,000. Finally, Abound Wealth Management boosted its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after purchasing an additional 271 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $94.24 on Friday. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07. The stock’s fifty day moving average is $95.04 and its two-hundred day moving average is $94.85.

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.