IMG Wealth Management Inc. Invests $308,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

IMG Wealth Management Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel.com reports. The firm acquired 3,474 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $28,000. AlphaMark Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $30,000. Valued Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $92.09 on Monday. The company’s fifty day moving average price is $91.87 and its 200 day moving average price is $91.61. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company has a market capitalization of $24.04 billion, a PE ratio of 24.03 and a beta of 0.77.

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.