270,650 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Bought by Berkshire Money Management Inc.

Berkshire Money Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 270,650 shares of the company’s stock, valued at approximately $25,406,000. iShares MSCI USA Min Vol Factor ETF makes up 2.7% of Berkshire Money Management Inc.’s portfolio, making the stock its 11th largest holding. Berkshire Money Management Inc. owned 0.11% of iShares MSCI USA Min Vol Factor ETF at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Key Financial Inc lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.6% in the 1st quarter. Key Financial Inc now owns 1,794 shares of the company’s stock valued at $168,000 after purchasing an additional 111 shares during the period. Asset Dedication LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Asset Dedication LLC now owns 8,489 shares of the company’s stock valued at $795,000 after buying an additional 112 shares in the last quarter. Sensible Money LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after buying an additional 112 shares in the last quarter. Compass Wealth Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after buying an additional 123 shares during the period. Finally, Cynosure Group LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the 1st quarter. Cynosure Group LLC now owns 36,192 shares of the company’s stock worth $3,390,000 after acquiring an additional 127 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%

USMV stock opened at $95.14 on Monday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The firm has a market cap of $24.28 billion, a PE ratio of 22.90 and a beta of 0.72. The business has a 50 day moving average of $93.82 and a 200 day moving average of $92.80.

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.