Purpose Unlimited Inc. Invests $1.36 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Purpose Unlimited Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,453 shares of the company’s stock, valued at approximately $1,361,000.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $3,765,000. Rockefeller Capital Management L.P. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 11.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 202,560 shares of the company’s stock worth $19,073,000 after purchasing an additional 21,184 shares during the period. Corient Private Wealth LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 9.2% during the 4th quarter. Corient Private Wealth LLC now owns 67,460 shares of the company’s stock worth $6,353,000 after purchasing an additional 5,688 shares during the period. Union Savings Bank bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $70,000. Finally, Storen Legacy Partners LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $248,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $94.24 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07. The firm has a market capitalization of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a 50 day simple moving average of $95.04 and a 200 day simple moving average of $94.85.

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.