PMG Wealth Management Inc. Invests $1.03 Million in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

PMG Wealth Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,602 shares of the company’s stock, valued at approximately $1,030,000. iShares MSCI USA Min Vol Factor ETF makes up approximately 0.9% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds also recently made changes to their positions in USMV. VisionPoint Advisory Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $119,000. Compass Capital Corp MA ADV bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $2,873,000. Able Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% during the fourth quarter. Able Wealth Management LLC now owns 69,293 shares of the company’s stock valued at $6,153,000 after purchasing an additional 981 shares during the last quarter. First Bank & Trust boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.6% in the 4th quarter. First Bank & Trust now owns 5,338 shares of the company’s stock worth $474,000 after purchasing an additional 133 shares in the last quarter. Finally, WealthBridge Capital Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% in the 4th quarter. WealthBridge Capital Management LLC now owns 50,592 shares of the company’s stock worth $4,492,000 after buying an additional 2,092 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.0 %

Shares of BATS:USMV opened at $93.06 on Friday. The stock has a fifty day simple moving average of $90.77 and a two-hundred day simple moving average of $91.03. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.