Strategic Wealth Investment Group LLC Acquires New Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Strategic Wealth Investment Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 22,170 shares of the company’s stock, valued at approximately $1,968,000.

Other hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 68,475 shares of the company’s stock valued at $6,080,000 after purchasing an additional 1,828 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.3% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 7,377 shares of the company’s stock valued at $655,000 after buying an additional 234 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.0% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 10,345 shares of the company’s stock worth $919,000 after buying an additional 400 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $30,000. Finally, Kingswood Wealth Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 64.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 87,227 shares of the company’s stock valued at $7,745,000 after acquiring an additional 34,066 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 3.6 %

Shares of BATS:USMV opened at $91.88 on Tuesday. The stock has a market capitalization of $26.92 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50 day moving average price is $90.96 and its 200-day moving average price is $90.21. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve 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.