KWB Wealth Purchases Shares of 63,578 iShares MSCI USA Min Vol Factor ETF $USMV

KWB Wealth purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 63,578 shares of the company’s stock, valued at approximately $6,133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPLAN Partners LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.6% in the 4th quarter. WealthPLAN Partners LLC now owns 4,160 shares of the company’s stock worth $392,000 after acquiring an additional 105 shares during the last quarter. Millstone Evans Group LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 6.3% in the 4th quarter. Millstone Evans Group LLC now owns 1,782 shares of the company’s stock worth $168,000 after purchasing an additional 106 shares during the period. Delta Wealth Advisors LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 0.3% in the 1st quarter. Delta Wealth Advisors LLC now owns 36,699 shares of the company’s stock worth $3,403,000 after purchasing an additional 108 shares during the period. Mcmorgan & Co. LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% in the first quarter. Mcmorgan & Co. LLC now owns 28,238 shares of the company’s stock worth $2,619,000 after purchasing an additional 108 shares during the last quarter. Finally, KW Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the fourth quarter. KW Wealth Management LLC now owns 13,553 shares of the company’s stock worth $1,276,000 after purchasing an additional 109 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.2%

BATS USMV opened at $100.83 on Tuesday. The company has a 50-day simple moving average of $96.88 and a two-hundred day simple moving average of $95.60. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $101.07. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF 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.