Ergawealth Advisors Inc. Acquires 696 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ergawealth Advisors Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 28,281 shares of the company’s stock after purchasing an additional 696 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 1.4% of Ergawealth Advisors Inc.’s portfolio, making the stock its 14th largest holding. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 7.8% in the 1st quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock worth $646,000 after purchasing an additional 594 shares in the last quarter. Blair William & Co. IL grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.7% during the first quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock valued at $7,417,000 after purchasing an additional 1,612 shares in the last quarter. AJ Wealth Strategies LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.4% during the first quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock valued at $104,618,000 after purchasing an additional 57,434 shares in the last quarter. Founders Financial Securities LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 27.0% in the first quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock worth $6,887,000 after buying an additional 18,853 shares in the last quarter. Finally, West Michigan Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 6.1% during the first quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock valued at $975,000 after buying an additional 719 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV traded down $0.48 during trading hours on Tuesday, reaching $79.98. The stock had a trading volume of 4,103,346 shares. The stock has a market capitalization of $23.39 billion, a PE ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The company has a 50 day moving average price of $81.73 and a two-hundred day moving average price of $77.96.

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.