MV Capital Management Inc. Takes $19.90 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

MV Capital Management Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 211,341 shares of the company’s stock, valued at approximately $19,900,000. iShares MSCI USA Min Vol Factor ETF accounts for 1.9% of MV Capital Management Inc.’s investment portfolio, making the stock its 14th largest holding. MV Capital Management Inc. owned approximately 0.08% of iShares MSCI USA Min Vol Factor ETF as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Briggs Wealth Management Inc acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $495,000. Torrey Payne Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $8,188,000. Lexington Hill Partners LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $3,279,000. Axxcess Wealth Management LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 62.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 31,966 shares of the company’s stock valued at $3,010,000 after purchasing an additional 12,248 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $83,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $94.24 on Friday. The stock has a fifty day moving average price of $95.04 and a 200 day moving average price of $94.85. The stock has a market cap of $24.05 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.07.

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.