9,321 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Acquired by Keystone Financial Group Inc.

Keystone Financial Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,321 shares of the company’s stock, valued at approximately $828,000. iShares MSCI USA Min Vol Factor ETF accounts for about 0.7% of Keystone Financial Group Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lockheed Martin Investment Management Co. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $62,801,000. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after buying an additional 346,414 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $16,911,000. World Investment Advisors LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% during the third quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock worth $20,534,000 after buying an additional 174,130 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth approximately $15,482,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.0 %

USMV opened at $93.08 on Friday. The stock has a market cap of $27.27 billion, a PE ratio of 25.30 and a beta of 0.59. 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’s 50 day simple moving average is $90.83 and its 200-day simple moving average is $90.53.

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.