iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp increased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,822 shares of the company’s stock after buying an additional 208 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.9% of Money Concepts Capital Corp’s portfolio, making the stock its 20th largest position. Money Concepts Capital Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,504,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $1,176,338,000. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 102.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after acquiring an additional 3,352,591 shares during the last quarter. Focus Partners Wealth grew its stake in iShares MSCI USA Min Vol Factor ETF by 261.0% during the 4th quarter. Focus Partners Wealth now owns 1,119,087 shares of the company’s stock worth $99,364,000 after buying an additional 809,082 shares during the last quarter. Horizon Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $39,347,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $32,334,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $92.72 on Friday. The firm has a 50 day simple moving average of $92.45 and a 200-day simple moving average of $91.68. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.55 and a 1-year high of $95.12. The stock has a market cap of $23.66 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.