Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 414 shares of the company’s stock, valued at approximately $38,000.
A number of other hedge funds have also modified their holdings of USMV. Cetera Investment Advisers raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% in the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after buying an additional 1,384,833 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $83,046,000. Carrera Capital Advisors bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $33,148,000. Symmetry Partners LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 75.6% during the 2nd quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock worth $64,585,000 after acquiring an additional 331,096 shares during the last quarter. Finally, Granite Bay Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 5,487.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock worth $27,303,000 after acquiring an additional 325,904 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
BATS USMV opened at $90.64 on Thursday. The firm has a market cap of $26.56 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The stock’s 50 day simple moving average is $91.14 and its 200 day simple moving average is $86.50.
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.
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