Montchanin Asset Management LLC Invests $212,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Montchanin Asset Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the third quarter, Holdings Channel.com reports. The fund acquired 2,327 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $30,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $35,000. Fortitude Family Office LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $38,000. Finally, Bfsg LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 116.9% during the third 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 opened at $93.53 on Friday. The firm has a 50-day simple moving average of $92.22 and a two-hundred day simple moving average of $88.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The stock has a market cap of $27.40 billion, a PE 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.