Saxon Interests Inc. Takes $2.28 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Saxon Interests Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,275 shares of the company’s stock, valued at approximately $2,284,000. iShares MSCI USA Min Vol Factor ETF makes up about 1.1% of Saxon Interests Inc.’s portfolio, making the stock its 19th biggest position.

Several other hedge funds have also made changes to their positions in the company. Yarger Wealth Strategies LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock valued at $1,079,000 after acquiring an additional 139 shares in the last quarter. Successful Portfolios LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 5.7% in the 4th quarter. Successful Portfolios LLC now owns 3,335 shares of the company’s stock worth $260,000 after buying an additional 181 shares in the last quarter. Professional Financial Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 3.5% in the 4th quarter. Professional Financial Advisors LLC now owns 5,650 shares of the company’s stock worth $441,000 after buying an additional 191 shares in the last quarter. Planned Solutions Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $63,000. Finally, Courier Capital LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $201,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock traded up $0.20 during midday trading on Friday, reaching $83.58. 2,621,446 shares of the company’s stock traded hands. The company has a market cap of $32.06 billion, a price-to-earnings ratio of 20.17 and a beta of 0.75. The company’s 50 day simple moving average is $81.23 and its 200 day simple moving average is $77.26. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.