Strait & Sound Wealth Management LLC Acquires 1,098 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Strait & Sound Wealth Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,418 shares of the company’s stock after purchasing an additional 1,098 shares during the quarter. Strait & Sound Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,072,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the period. GAMMA Investing LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 37.0% in the first quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock valued at $254,000 after buying an additional 731 shares during the period. Trust Co. of Vermont raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.4% in the first quarter. Trust Co. of Vermont now owns 4,126 shares of the company’s stock worth $386,000 after purchasing an additional 354 shares during the period. Transcend Capital Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 11.4% in the first quarter. Transcend Capital Advisors LLC now owns 10,459 shares of the company’s stock worth $980,000 after purchasing an additional 1,071 shares during the period. Finally, Jaffetilchin Investment Partners LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 34.8% in the first quarter. Jaffetilchin Investment Partners LLC now owns 14,685 shares of the company’s stock worth $1,375,000 after purchasing an additional 3,789 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $94.51 on Friday. The firm’s fifty day moving average is $94.27 and its two-hundred day moving average is $93.15. The firm has a market cap of $24.12 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12.

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.