Golden State Wealth Management LLC Buys 10,729 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Golden State Wealth Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 56.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,657 shares of the company’s stock after purchasing an additional 10,729 shares during the quarter. Golden State Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $28,000. Avion Wealth boosted its position in iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Flaharty Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. LRI Investments LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $33,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 77.9% in the first quarter. Blue Bell Private Wealth Management LLC now owns 386 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.8%

USMV stock opened at $92.92 on Thursday. The firm has a 50 day moving average of $94.17 and a 200-day moving average of $93.36. 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 capitalization of $23.71 billion, a P/E ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company 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.