Brio Consultants LLC Purchases New Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Brio Consultants LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,430 shares of the company’s stock, valued at approximately $1,352,000. iShares MSCI USA Min Vol Factor ETF makes up about 0.5% of Brio Consultants LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of USMV. Compass Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 82.0% in the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after acquiring an additional 123 shares during the last quarter. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. Columbia River Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $30,000. LRI Investments LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $33,000. Finally, Blue Bell Private Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 77.9% in the first quarter. Blue Bell Private Wealth Management LLC now owns 386 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.4%

iShares MSCI USA Min Vol Factor ETF stock opened at $93.43 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The business’s 50-day moving average price is $93.15 and its two-hundred day moving average price is $92.26. The stock has a market cap of $23.84 billion, a PE ratio of 22.90 and a beta of 0.72.

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.