Financial Advocates Investment Management Purchases 26,322 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Advocates Investment Management boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,309 shares of the company’s stock after acquiring an additional 26,322 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,974,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of USMV. SeaCrest Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $266,000. First Trust Direct Indexing L.P. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at approximately $853,000. Teamwork Financial Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $384,000. SpiderRock Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $220,000. Finally, Diversify Advisory Services LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the first quarter worth $4,997,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $90.64 on Thursday. The business has a 50 day simple moving average of $91.14 and a 200-day simple moving average of $86.50. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The firm has a market capitalization of $26.56 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.