Global Trust Asset Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 42.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,055 shares of the company’s stock after purchasing an additional 610 shares during the period. Global Trust Asset Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in USMV. Fortitude Family Office LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $38,000. Bfsg LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after purchasing an additional 228 shares during the last quarter. Arrow Financial Corp bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $45,000. Eastern Bank acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $92,000. Finally, American Capital Advisory LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1,460.0% during the third quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock valued at $93,000 after buying an additional 949 shares during the last quarter.
iShares MSCI USA Min Vol Factor ETF Price Performance
USMV opened at $90.68 on Wednesday. The stock’s 50 day moving average price is $91.09 and its 200 day moving average price is $90.03. The stock has a market cap of $26.57 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.
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.
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