Phillips Financial Management LLC Purchases Shares of 491 iShares MSCI USA Min Vol Factor ETF $USMV

Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 491 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds also recently bought and sold shares of the stock. Compass Wealth Management LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after acquiring an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $28,000. Columbia River Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $30,000. Finally, LRI Investments LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $94.66 on Thursday. 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 market capitalization of $24.16 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s 50-day simple moving average is $94.23 and its 200-day simple moving average is $92.98.

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.