Bank of Nova Scotia Takes $6.31 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bank of Nova Scotia acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,400 shares of the company’s stock, valued at approximately $6,313,000.

Several other hedge funds have also recently modified their holdings of the stock. Compass Wealth Management LLC boosted 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 buying an additional 123 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $28,000. Columbia River Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $30,000. LRI Investments LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $33,000. Finally, Blue Bell Private Wealth Management LLC boosted 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 buying an additional 169 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.3%

Shares of BATS USMV opened at $93.35 on Tuesday. The business’s 50 day moving average price is $93.14 and its 200 day moving average price is $92.39. The firm has a market cap of $23.82 billion, a P/E ratio of 22.90 and a beta of 0.72. 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 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.