Elevate Capital Advisors LLC Purchases New Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Elevate Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,889 shares of the company’s stock, valued at approximately $1,304,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Wealth Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 82.0% during the first 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 period. ROSS JOHNSON & Associates LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $28,000. Columbia River Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $30,000. Flaharty Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $30,000. Finally, LRI Investments LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $33,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.3%

Shares of BATS USMV opened at $95.14 on Friday. The stock has a fifty day simple moving average of $93.82 and a two-hundred day simple moving average of $92.80. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The firm has a market cap of $24.28 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.