Financial Services Advisory Inc bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,671 shares of the company’s stock, valued at approximately $2,070,000. iShares MSCI USA Min Vol Factor ETF accounts for 0.5% of Financial Services Advisory Inc’s portfolio, making the stock its 29th biggest position.
Several other institutional investors also recently bought and sold shares of USMV. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $30,000. Gleason Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $32,000. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $33,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $35,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $38,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 1.9 %
Shares of BATS USMV opened at $92.45 on Thursday. The stock has a market cap of $27.09 billion, a P/E ratio of 25.30 and a beta of 0.59. The business’s fifty day simple moving average is $91.18 and its 200-day simple moving average is $86.87. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.
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.
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