iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Bought by Greenleaf Trust

Greenleaf Trust boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 54.3% in the first quarter, Holdings Channel reports. The fund owned 5,328 shares of the company’s stock after purchasing an additional 1,874 shares during the period. Greenleaf Trust’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in USMV. Compass Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after acquiring an additional 123 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $27,000. Howe & Rusling Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% in the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after buying an additional 146 shares during the period. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $28,000. Finally, Columbia River Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $30,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $92.77 on Friday. The business has a 50 day simple moving average of $93.03 and a 200-day simple moving average of $91.91. The stock has a market capitalization of $23.67 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

iShares MSCI USA Min Vol Factor ETF Company 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.