Oppenheimer & Co. Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,779 shares of the company’s stock, valued at approximately $953,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of USMV. NFSG Corp lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 134.6% during the third quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares during the last quarter. Beacon Financial Strategies CORP bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $42,000. Main Street Group LTD bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $77,000. Compass Financial Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $84,000. Finally, North Point Portfolio Managers Corp OH bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $87,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.1%
Shares of USMV opened at $103.06 on Tuesday. The company has a market capitalization of $26.30 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a 50 day moving average of $100.50 and a 200 day moving average of $97.03. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $103.84.
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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