Geneos Wealth Management Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 99.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,143,557 shares of the company’s stock after purchasing an additional 569,762 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 2.5% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Geneos Wealth Management Inc. owned about 0.45% of iShares MSCI USA Min Vol Factor ETF worth $106,053,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Frankly Finances LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $25,000. Investors Research Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $26,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $29,000. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Finally, Abound Wealth Management raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after acquiring an additional 271 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of BATS USMV opened at $96.09 on Thursday. The stock has a market cap of $24.52 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.73. The firm’s 50-day simple moving average is $95.99 and its 200 day simple moving average is $95.14.
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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