Balboa Wealth Partners acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,482 shares of the company’s stock, valued at approximately $233,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after buying an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $28,000. Columbia River Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000. Flaharty Asset Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000. Finally, LRI Investments LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $33,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 6.9%
Shares of BATS:USMV opened at $94.77 on Wednesday. The company’s 50 day moving average price is $94.21 and its two-hundred day moving average price is $92.97. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The firm has a market cap of $24.18 billion, a PE ratio of 22.90 and a beta of 0.72.
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.
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