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

Riggs Capital Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,779 shares of the company’s stock, valued at approximately $424,000.

Several other large investors have also recently bought and sold shares of the business. Howe & Rusling Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% during the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock worth $27,000 after purchasing an additional 146 shares during the period. VSM Wealth Advisory LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. AlphaMark Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $30,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $30,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $92.75 on Monday. The stock’s 50 day simple moving average is $92.67 and its 200 day simple moving average is $91.77. The stock has a market cap of $24.21 billion, a P/E ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $79.69 and a 1-year high of $95.12.

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.