Oppenheimer & Co. Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the third quarter, HoldingsChannel reports. The firm purchased 9,779 shares of the company’s stock, valued at approximately $953,000.
A number of other institutional investors also recently bought and sold shares of USMV. Park Avenue Securities LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $18,871,000. WESPAC Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $1,370,000. Segment Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $313,000. Verdence Capital Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 20.3% during the third quarter. Verdence Capital Advisors LLC now owns 22,272 shares of the company’s stock valued at $2,170,000 after purchasing an additional 3,757 shares in the last quarter. Finally, Patton Albertson Miller Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $292,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.1%
BATS USMV opened at $103.06 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $103.84. The company has a market capitalization of $26.30 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s 50-day moving average price is $100.50 and its 200-day moving average price is $97.03.
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.
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