Leavell Investment Management Inc. Purchases 1,478 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Leavell Investment Management Inc. raised its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,334 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Wealth Management LLC lifted 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 worth $26,000 after acquiring an additional 123 shares during the period. ROSS JOHNSON & Associates LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at $28,000. Avion Wealth increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Columbia River Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $30,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $94.51 on Monday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The firm has a 50-day moving average of $94.27 and a 200 day moving average of $93.18. The firm has a market cap of $24.12 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.