5,631 Shares of iShares MSCI USA Min Vol Factor ETF $USMV Bought by ProVise Management Group LLC

ProVise Management Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the third quarter, Holdings Channel.com reports. The firm purchased 5,631 shares of the company’s stock, valued at approximately $549,000.

Several other institutional investors have also made changes to their positions in USMV. Moors & Cabot Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the 3rd quarter. Moors & Cabot Inc. now owns 12,042 shares of the company’s stock valued at $1,173,000 after buying an additional 242 shares during the last quarter. Valmark Advisers Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $12,391,000. Money Concepts Capital Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $10,035,000. Russell Investments Group Ltd. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.3% in the third quarter. Russell Investments Group Ltd. now owns 853,893 shares of the company’s stock worth $83,203,000 after buying an additional 2,378 shares during the last quarter. Finally, CENTRAL TRUST Co bought a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $732,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV traded up $0.08 during midday trading on Friday, hitting $104.10. 1,154,130 shares of the company’s stock traded hands, compared to its average volume of 2,296,015. The company has a market cap of $24.37 billion, a PE ratio of 23.08 and a beta of 0.63. The stock’s fifty day simple moving average is $100.80 and its 200-day simple moving average is $97.42. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $104.75.

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.