Kirtland Hills Capital Management LLC Makes New $522,000 Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Kirtland Hills Capital Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,793 shares of the company’s stock, valued at approximately $522,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of USMV. Compass Wealth Management LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after purchasing an additional 123 shares during the period. Chapman Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $28,000. Columbia River Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000. LRI Investments LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $33,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 77.9% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 386 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $93.43 on Tuesday. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50 day simple moving average of $93.15 and a 200 day simple moving average of $92.26. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 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.