Independent Wealth Network Inc. Boosts Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Independent Wealth Network Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,091 shares of the company’s stock after buying an additional 208 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at approximately $38,000. Bfsg LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares during the period. Arrow Financial Corp purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $45,000. Eastern Bank bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $92,000. Finally, American Capital Advisory LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1,460.0% in the third quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock valued at $93,000 after purchasing an additional 949 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $90.95 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The business’s fifty day moving average is $90.99 and its 200 day moving average is $90.08. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.