Partners Wealth Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,520 shares of the company’s stock, valued at approximately $1,122,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of USMV. NFSG Corp raised its position in iShares MSCI USA Min Vol Factor ETF by 134.6% in the third quarter. NFSG Corp now owns 366 shares of the company’s stock worth $36,000 after acquiring an additional 210 shares in the last quarter. Beacon Financial Strategies CORP purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $42,000. MADDEN SECURITIES Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $74,000. Main Street Group LTD purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $77,000. Finally, Compass Financial Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $84,000.
iShares MSCI USA Min Vol Factor ETF Stock Down 0.2%
BATS:USMV opened at $102.93 on Friday. The firm’s fifty day simple moving average is $100.46 and its 200-day simple moving average is $96.99. The stock has a market cap of $26.27 billion, a PE 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 $103.84.
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.
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