10,287 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Bought by Independence Asset Advisors LLC

Independence Asset Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 1st quarter, Holdings Channel.com reports. The fund bought 10,287 shares of the company’s stock, valued at approximately $964,000. iShares MSCI USA Min Vol Factor ETF accounts for approximately 3.1% of Independence Asset Advisors LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. VSM Wealth Advisory LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $27,000. Howe & Rusling Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% in the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after acquiring an additional 146 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $28,000. Millstone Evans Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $38,000. Finally, Center for Financial Planning Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 762.0% in the first quarter. Center for Financial Planning Inc. now owns 431 shares of the company’s stock valued at $40,000 after purchasing an additional 381 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.5%

Shares of USMV opened at $92.67 on Tuesday. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.55 and a 52-week high of $95.12. The stock has a 50 day moving average price of $92.32 and a 200 day moving average price of $91.66.

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.