Perfromance Wealth Partners LLC Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Perfromance Wealth Partners LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,477 shares of the company’s stock, valued at approximately $2,861,000.

Several other hedge funds have also recently added to or reduced their stakes in USMV. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after purchasing an additional 3,352,591 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $130,668,000. JPMorgan Chase & Co. raised its stake in iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after buying an additional 568,565 shares in the last quarter. Truist Financial Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after buying an additional 436,281 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 400.2% during the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock worth $50,436,000 after buying an additional 430,843 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $94.27 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The company has a market cap of $24.06 billion, a P/E ratio of 22.90 and a beta of 0.72. The business’s 50-day simple moving average is $94.02 and its 200-day simple moving average is $92.88.

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.