Leavell Investment Management Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 18.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,334 shares of the company’s stock after acquiring an additional 1,478 shares during the period. Leavell Investment Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $876,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after purchasing an additional 123 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $28,000. Avion Wealth lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the period. Columbia River Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $30,000. Finally, Flaharty Asset Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $30,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of BATS:USMV opened at $94.51 on Monday. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s 50-day moving average is $94.27 and its 200-day moving average is $93.18. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12.
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.
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