Beam Wealth Advisors Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,848 shares of the company’s stock, valued at approximately $1,470,000.
Several other institutional investors have also modified their holdings of the company. Cvfg LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $257,000. Flatrock Wealth Partners LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $2,468,000. Addison Capital Co purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $1,590,000. Unified Investment Management raised its stake in iShares MSCI USA Min Vol Factor ETF by 15.7% in the first quarter. Unified Investment Management now owns 2,578 shares of the company’s stock valued at $239,000 after buying an additional 350 shares in the last quarter. Finally, Beacon Bank & Trust raised its stake in iShares MSCI USA Min Vol Factor ETF by 2.9% in the first quarter. Beacon Bank & Trust now owns 151,232 shares of the company’s stock valued at $14,025,000 after buying an additional 4,325 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of BATS USMV opened at $97.65 on Thursday. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50-day moving average of $95.68 and a two-hundred day moving average of $95.05. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.73.
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.
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