Venturi Wealth Management LLC Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Venturi Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 2nd quarter, Holdings Channel reports. The fund bought 6,011 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds have also recently made changes to their positions in the business. CFM Wealth Partners LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the second quarter. CFM Wealth Partners LLC now owns 57,210 shares of the company’s stock valued at $5,370,000 after buying an additional 3,247 shares during the period. Defined Financial Planning LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.7% during the second quarter. Defined Financial Planning LLC now owns 3,127 shares of the company’s stock valued at $288,000 after buying an additional 223 shares during the period. Heck Capital Advisors LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 105.0% during the second quarter. Heck Capital Advisors LLC now owns 11,046 shares of the company’s stock valued at $1,037,000 after buying an additional 5,658 shares during the period. KPP Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% during the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock valued at $391,000 after buying an additional 118 shares during the period. Finally, Relyea Zuckerberg Hanson LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $566,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $94.86 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12. The stock has a market capitalization of $24.21 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s 50 day moving average price is $93.97 and its 200-day moving average price is $92.87.

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.