2,492 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, HoldingsChannel reports. The firm acquired 2,492 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SpiderRock Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $629,000. EdgeRock Capital LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the third quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $6,132,000 after acquiring an additional 3,371 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.4% during the third quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after acquiring an additional 43,846 shares during the last quarter. Gateway Wealth Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% during the second quarter. Gateway Wealth Partners LLC now owns 50,033 shares of the company’s stock valued at $4,201,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 42.2% during the third quarter. Bell Investment Advisors Inc now owns 38,509 shares of the company’s stock valued at $3,516,000 after acquiring an additional 11,432 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $91.88 on Tuesday. 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 $26.92 billion, a PE ratio of 25.30 and a beta of 0.59. The firm has a 50-day simple moving average of $90.96 and a two-hundred day simple moving average of $90.21.

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.