Schrum Private Wealth Management LLC Acquires 8,347 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Schrum Private Wealth Management LLC grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 70.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 20,140 shares of the company’s stock after purchasing an additional 8,347 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.0% of Schrum Private Wealth Management LLC’s holdings, making the stock its 27th biggest position. Schrum Private Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,839,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $30,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $32,000. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during 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 in the third quarter worth about $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2 %

USMV traded down $0.20 on Wednesday, reaching $93.14. 1,464,823 shares of the company traded hands. The firm has a fifty day simple moving average of $91.30 and a two-hundred day simple moving average of $87.16. The company has a market cap of $27.29 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.