Elevation Capital Advisory LLC Purchases Shares of 79,645 iShares MSCI USA Min Vol Factor ETF $USMV

Elevation Capital Advisory LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 79,645 shares of the company’s stock, valued at approximately $7,577,000. iShares MSCI USA Min Vol Factor ETF accounts for approximately 3.0% of Elevation Capital Advisory LLC’s portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $35,000. Finally, Phillips Financial Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.8%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $94.71 on Friday. The company has a market cap of $24.17 billion, a PE ratio of 22.90 and a beta of 0.72. The business has a 50 day moving average of $94.33 and a 200 day moving average of $93.99. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12.

iShares MSCI USA Min Vol Factor ETF 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.