First Horizon Advisors Inc. Buys 655 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

First Horizon Advisors Inc. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,154 shares of the company’s stock after acquiring an additional 655 shares during the period. First Horizon Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of USMV. ROSS JOHNSON & Associates LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at about $28,000. Avion Wealth increased its stake in iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000. LRI Investments LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $33,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 77.9% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 386 shares of the company’s stock worth $36,000 after buying an additional 169 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.9%

USMV stock opened at $92.95 on Friday. The firm has a market cap of $23.72 billion, a PE ratio of 22.90 and a beta of 0.72. The business has a 50 day moving average of $94.11 and a 200-day moving average of $93.39. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12.

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.