Synergy Investment Management LLC Takes Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Synergy Investment Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 731 shares of the company’s stock, valued at approximately $65,000.

Several other large investors have also recently modified their holdings of USMV. Patten Group Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the fourth quarter. Patten Group Inc. now owns 6,579 shares of the company’s stock worth $584,000 after buying an additional 140 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 632,233 shares of the company’s stock worth $56,136,000 after buying an additional 17,257 shares during the period. Global Strategic Investment Solutions LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $217,000. Bravias Capital Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $1,221,000. Finally, Kelly Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $5,756,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.3 %

BATS:USMV opened at $93.30 on Wednesday. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. The firm has a fifty day simple moving average of $91.37 and a two-hundred day simple moving average of $91.47. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

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.