Gateway Wealth Partners LLC Grows Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Gateway Wealth Partners LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,932 shares of the company’s stock after purchasing an additional 11,002 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,892,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avion Wealth boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $35,000. Finally, Phillips Financial Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.05 on Friday. The company has a market cap of $24.51 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The business has a fifty day moving average of $94.58 and a two-hundred day moving average of $94.15.

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.