Leonard Rickey Investment Advisors P.L.L.C. Has $16.61 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Leonard Rickey Investment Advisors P.L.L.C. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.3% during the second quarter, HoldingsChannel.com reports. The fund owned 176,982 shares of the company’s stock after purchasing an additional 598 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 3.3% of Leonard Rickey Investment Advisors P.L.L.C.’s holdings, making the stock its 11th largest position. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,613,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Compass Wealth Management LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after acquiring an additional 123 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $28,000. Columbia River Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $30,000. Finally, LRI Investments LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.0%

USMV opened at $93.97 on Tuesday. The firm has a market capitalization of $23.98 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s 50 day moving average price is $93.59 and its two-hundred day moving average price is $92.66. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month 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.