iShares MSCI USA Min Vol Factor ETF (BATS:USMV) is Berkshire Bank’s 9th Largest Position

Berkshire Bank grew its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,474 shares of the company’s stock after acquiring an additional 10,593 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 2.3% of Berkshire Bank’s holdings, making the stock its 9th biggest holding. Berkshire Bank’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USMV. AlphaMark Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $30,000. Sound Income Strategies LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the period. Fortitude Family Office LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $38,000. Finally, Bfsg LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $91.88 on Tuesday. The company’s fifty day moving average price is $90.96 and its two-hundred day moving average price is $90.21. The firm has a market capitalization of $26.92 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month 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.