TCI Wealth Advisors Inc. Invests $485,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

TCI Wealth Advisors Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,219 shares of the company’s stock, valued at approximately $485,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keener Financial Planning LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth $26,000. Horrell Capital Management Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $27,000. M&R Capital Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $34,000. Finally, SYM FINANCIAL Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 232.9% in the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock valued at $38,000 after acquiring an additional 340 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded up $0.47 during midday trading on Monday, reaching $81.11. The company’s stock had a trading volume of 2,356,724 shares. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a fifty day simple moving average of $81.78 and a two-hundred day simple moving average of $78.75.

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.