38,135 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Bought by GGM Financials LLC

GGM Financials LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the second quarter, HoldingsChannel.com reports. The fund purchased 38,135 shares of the company’s stock, valued at approximately $3,202,000. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.9% of GGM Financials LLC’s holdings, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in USMV. Cherry Tree Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 17,305 shares of the company’s stock valued at $1,350,000 after purchasing an additional 160 shares during the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.5% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 511,936 shares of the company’s stock valued at $39,946,000 after acquiring an additional 22,057 shares during the period. Camden National Bank grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the fourth quarter. Camden National Bank now owns 61,741 shares of the company’s stock worth $4,818,000 after acquiring an additional 2,188 shares during the last quarter. Soundwatch Capital LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $140,000. Finally, Morningstar Investment Services LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 96.7% in the 4th quarter. Morningstar Investment Services LLC now owns 10,924 shares of the company’s stock valued at $851,000 after purchasing an additional 5,369 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock traded up $0.63 during midday trading on Friday, hitting $91.32. 2,171,271 shares of the company’s stock were exchanged. The stock has a market cap of $26.76 billion, a price-to-earnings 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. The firm’s 50 day simple moving average is $86.58 and its 200 day simple moving average is $83.68.

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.