Princeton Global Asset Management LLC Acquires Shares of 11,400 iShares MSCI USA Min Vol Factor ETF $USMV

Princeton Global Asset Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, Holdings Channel reports. The firm bought 11,400 shares of the company’s stock, valued at approximately $1,073,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Secure Asset Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% during the third quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock worth $371,000 after purchasing an additional 108 shares during the period. Patriot Investment Management Group Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% in the third quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock valued at $2,814,000 after purchasing an additional 111 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.8% in the third quarter. Venturi Wealth Management LLC now owns 6,122 shares of the company’s stock valued at $582,000 after buying an additional 111 shares during the period. Partners Capital Investment Group LLP lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% in the third quarter. Partners Capital Investment Group LLP now owns 29,220 shares of the company’s stock valued at $2,780,000 after buying an additional 112 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 4.1% in the third quarter. Modera Wealth Management LLC now owns 2,836 shares of the company’s stock valued at $270,000 after buying an additional 113 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $93.36 on Friday. The stock has a market cap of $23.83 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $98.07. The stock’s 50-day moving average price is $95.07 and its two-hundred day moving average price is $94.53.

About iShares MSCI USA Min Vol Factor ETF

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.