NewEdge Wealth LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 46.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,667 shares of the company’s stock after acquiring an additional 10,617 shares during the period. NewEdge Wealth LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,122,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Frankly Finances LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $25,000. Elevated Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $29,000. Ankerstar Wealth LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $31,000. Finally, Eagle Bay Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $33,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.9%
BATS USMV opened at $96.95 on Friday. The company has a market cap of $24.74 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.73. The firm’s 50-day simple moving average is $96.29 and its two-hundred day simple moving average is $95.24.
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.
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