7,494 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,494 shares of the company’s stock, valued at approximately $665,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $1,176,338,000. Lockheed Martin Investment Management Co. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $62,801,000. LPL Financial LLC increased its holdings in 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 valued at $489,205,000 after buying an additional 346,414 shares during the period. Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $16,911,000. Finally, Millburn Ridgefield Corp lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the fourth quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after buying an additional 180,849 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.8 %

Shares of BATS USMV opened at $93.76 on Thursday. The company has a 50-day moving average of $91.44 and a 200 day moving average of $91.48. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The stock has a market cap of $23.82 billion, a PE ratio of 24.43 and a beta of 0.79.

iShares MSCI USA Min Vol Factor ETF 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.