Bay Rivers Group Boosts Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Bay Rivers Group lifted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.9% during the second quarter, HoldingsChannel reports. The firm owned 100,976 shares of the company’s stock after purchasing an additional 1,929 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 4.3% of Bay Rivers Group’s investment portfolio, making the stock its 4th biggest position. Bay Rivers Group’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,479,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in USMV. Compass Wealth Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% in the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after purchasing an additional 123 shares during the period. ROSS JOHNSON & Associates LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $28,000. Columbia River Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $30,000. Flaharty Asset Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $30,000. Finally, LRI Investments LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8%

Shares of USMV opened at $93.80 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The firm has a market capitalization of $23.94 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock’s 50-day moving average price is $93.56 and its 200 day moving average price is $92.66.

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.