Schmidt P J Investment Management Inc. Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Schmidt P J Investment Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 6,320 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds have also added to or reduced their stakes in USMV. Boston Trust Walden Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $270,000. Jmac Enterprises LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 3rd quarter. Jmac Enterprises LLC now owns 124,507 shares of the company’s stock valued at $12,132,000 after acquiring an additional 1,025 shares during the period. Team Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $151,000. Rakuten Investment Management Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 18.1% during the 3rd quarter. Rakuten Investment Management Inc. now owns 133,284 shares of the company’s stock worth $13,034,000 after acquiring an additional 20,405 shares during the last quarter. Finally, Provenance Wealth Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 25,280.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 12,944 shares of the company’s stock worth $1,261,000 after purchasing an additional 12,893 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $104.50 on Thursday. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $104.56. The business’s 50 day simple moving average is $100.58 and its two-hundred day simple moving average is $97.13. The stock has a market capitalization of $26.67 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.