Confluence Wealth Services Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,506 shares of the company’s stock, valued at approximately $235,000.
Several other institutional investors also recently bought and sold shares of USMV. Compass Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after purchasing an additional 123 shares during the last quarter. ROSS JOHNSON & Associates LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $28,000. Columbia River Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. Flaharty Asset Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $30,000. Finally, LRI Investments LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $33,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of USMV stock opened at $95.14 on Tuesday. The firm’s 50-day simple moving average is $93.85 and its 200-day simple moving average is $92.82. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The firm has a market cap of $24.28 billion, a P/E ratio of 22.90 and a beta of 0.72.
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.
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