Verdence Capital Advisors LLC Has $1.45 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Verdence Capital Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,458 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,448,000 as of its most recent SEC filing.

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

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.01 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm’s 50-day moving average is $93.05 and its two-hundred day moving average is $91.98.

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.