Apex Wealth Management LLC Takes $372,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Apex Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,188 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $328,000. Insight Wealth Strategies LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.2% in the 4th quarter. Insight Wealth Strategies LLC now owns 343,489 shares of the company’s stock valued at $30,498,000 after purchasing an additional 4,163 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its stake in iShares MSCI USA Min Vol Factor ETF by 4.2% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 4,426 shares of the company’s stock worth $393,000 after purchasing an additional 177 shares during the period. Ridgeline Wealth LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $549,000. Finally, International Assets Investment Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $1,466,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $92.78 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $80.55 and a 1-year high of $95.12. The stock has a market cap of $23.94 billion, a PE ratio of 23.82 and a beta of 0.74. The stock’s fifty day moving average is $91.51 and its two-hundred day moving average is $91.58.

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.