Verus Capital Partners LLC Purchases 9,678 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Verus Capital Partners LLC boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 129,481 shares of the company’s stock after purchasing an additional 9,678 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 0.8% of Verus Capital Partners LLC’s investment portfolio, making the stock its 24th biggest position. Verus Capital Partners LLC owned approximately 0.05% of iShares MSCI USA Min Vol Factor ETF worth $12,192,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Frankly Finances LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $25,000. Investors Research Corp bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $26,000. Elevated Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $29,000. Finally, Abound Wealth Management grew its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $96.26 on Thursday. The firm has a market cap of $24.57 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a 50-day moving average of $94.39 and a 200 day moving average of $94.73. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.

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.