ARS Wealth Advisors Group LLC Acquires 22,057 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

ARS Wealth Advisors Group LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 511,936 shares of the company’s stock after buying an additional 22,057 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 5.9% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 2nd biggest holding. ARS Wealth Advisors Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $39,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in USMV. SVB Wealth LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 29.8% in the 3rd quarter. SVB Wealth LLC now owns 8,144 shares of the company’s stock valued at $589,000 after purchasing an additional 1,868 shares in the last quarter. Mission Wealth Management LP lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 8.7% in the 3rd quarter. Mission Wealth Management LP now owns 5,598 shares of the company’s stock valued at $405,000 after purchasing an additional 448 shares in the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 20,060 shares of the company’s stock valued at $1,452,000 after purchasing an additional 1,060 shares in the last quarter. Bank of New York Mellon Corp lifted its position in iShares MSCI USA Min Vol Factor ETF by 120.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,743,289 shares of the company’s stock worth $126,179,000 after acquiring an additional 951,050 shares in the last quarter. Finally, Wealth Management Resources Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 6.5% during the 3rd quarter. Wealth Management Resources Inc. now owns 139,700 shares of the company’s stock worth $10,109,000 after acquiring an additional 8,491 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock traded up $0.47 during midday trading on Friday, hitting $81.11. 2,356,724 shares of the company were exchanged. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company’s fifty day moving average price is $81.78 and its 200-day moving average price is $78.71. The company has a market cap of $23.77 billion, a PE ratio of 25.30 and a beta of 0.59.

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.