LM Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,035 shares of the company’s stock, valued at approximately $447,000.
Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $1,176,338,000. Focus Partners Wealth raised its holdings in iShares MSCI USA Min Vol Factor ETF by 261.0% during the fourth quarter. Focus Partners Wealth now owns 1,119,087 shares of the company’s stock valued at $99,364,000 after buying an additional 809,082 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $62,801,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $32,334,000. Finally, Sagespring Wealth Partners LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $32,129,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of BATS USMV opened at $92.50 on Monday. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 24.27 and a beta of 0.74. The business’s 50-day simple moving average is $91.48 and its 200-day simple moving average is $91.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $81.34 and a 52 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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