Torrey Payne Wealth Management LLC Invests $8.19 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Torrey Payne Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,719 shares of the company’s stock, valued at approximately $8,188,000. iShares MSCI USA Min Vol Factor ETF makes up approximately 7.4% of Torrey Payne Wealth Management LLC’s portfolio, making the stock its 5th largest position.

Several other hedge funds have also bought and sold shares of USMV. Brighton Jones LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares in the last quarter. Jane Street Group LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 366.3% during the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after buying an additional 27,868 shares during the last quarter. Hsbc Holdings PLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $399,000. First Trust Advisors LP increased its stake in iShares MSCI USA Min Vol Factor ETF by 39.0% in the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock worth $736,000 after acquiring an additional 2,201 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in iShares MSCI USA Min Vol Factor ETF by 465.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after acquiring an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $94.24 on Friday. The company has a market capitalization of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $98.07. The stock has a 50 day moving average price of $95.04 and a 200-day moving average price of $94.85.

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.