Orion Capital Management LLC Acquires New Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Orion Capital Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, HoldingsChannel reports. The fund acquired 700 shares of the company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 10Elms LLP bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $3,071,000. Focus Partners Advisor Solutions LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 36.3% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 7,463 shares of the company’s stock worth $663,000 after acquiring an additional 1,988 shares during the period. Waverly Advisors LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 46.9% in the fourth quarter. Waverly Advisors LLC now owns 32,886 shares of the company’s stock worth $2,920,000 after acquiring an additional 10,496 shares during the period. Squarepoint Ops LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 187.4% in the fourth quarter. Squarepoint Ops LLC now owns 65,856 shares of the company’s stock worth $5,847,000 after acquiring an additional 42,944 shares during the period. Finally, Quantinno Capital Management LP raised its position in iShares MSCI USA Min Vol Factor ETF by 184.3% in the fourth quarter. Quantinno Capital Management LP now owns 18,097 shares of the company’s stock worth $1,607,000 after acquiring an additional 11,731 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.0%

USMV opened at $93.09 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $81.34 and a 1-year high of $95.12. The company has a market capitalization of $24.14 billion, a PE ratio of 24.27 and a beta of 0.74. The firm’s 50 day simple moving average is $91.49 and its two-hundred day simple moving average is $91.70.

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.