Maryland Capital Advisors Inc. Invests $166,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Maryland Capital Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,866 shares of the company’s stock, valued at approximately $166,000.

A number of other hedge funds have also made changes to their positions in USMV. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $28,000. AlphaMark Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after acquiring an additional 143 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $92.99 on Friday. The firm has a market cap of $27.25 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50 day moving average price is $90.70 and its 200 day moving average price is $90.80. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.