Baker Avenue Asset Management LP purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,330 shares of the company’s stock, valued at approximately $207,000.
Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $1,176,338,000. Lockheed Martin Investment Management Co. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $62,801,000. Sagespring Wealth Partners LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $32,129,000. LPL Financial LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 6.1% during the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after acquiring an additional 328,291 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6,039.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after purchasing an additional 281,084 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Up 4.6 %
Shares of BATS USMV opened at $92.71 on Tuesday. The stock has a market cap of $23.92 billion, a P/E ratio of 23.82 and a beta of 0.74. The firm’s 50-day simple moving average is $91.50 and its 200 day simple moving average is $91.56. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $81.21 and a fifty-two week high of $95.12.
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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