Purpose Unlimited Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm bought 14,453 shares of the company’s stock, valued at approximately $1,361,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Becker Capital Management Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $569,000. Hibernia Wealth Partners LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 66.1% during the 4th quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after acquiring an additional 25,216 shares during the period. Western Wealth Management LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 28.4% during the 4th quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock worth $6,992,000 after acquiring an additional 16,434 shares during the period. Concurrent Investment Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 9.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock worth $8,819,000 after acquiring an additional 8,469 shares during the period. Finally, Chatterton & Associates Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $851,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of USMV opened at $94.24 on Friday. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $98.07. The stock’s fifty day moving average is $95.04 and its 200-day moving average is $94.85.
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.
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