iShares MSCI USA Min Vol Factor ETF $USMV Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.6% in the first quarter, Holdings Channel reports. The firm owned 568,519 shares of the company’s stock after purchasing an additional 14,516 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 1.8% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest position. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $53,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Wealth Management LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 82.0% in the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after purchasing 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 first quarter valued at about $28,000. Columbia River Financial Group LLC acquired 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 position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. Finally, LRI Investments LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $33,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.3%

Shares of BATS USMV opened at $94.24 on Wednesday. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a 50-day moving average price of $93.53 and a two-hundred day moving average price of $92.65.

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.