Elevation Point Wealth Partners LLC Buys 29,387 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Elevation Point Wealth Partners LLC boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 447.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,954 shares of the company’s stock after acquiring an additional 29,387 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,421,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Insight Inv LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $1,083,000. Win Advisors Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $899,000. Dynasty Wealth Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the third quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after purchasing an additional 84,969 shares during the last quarter. Becker Capital Management Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $569,000. Finally, Cynosure Group LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 16.8% in the third quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after purchasing an additional 6,104 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.1%

Shares of USMV opened at $95.07 on Friday. The company has a market capitalization of $24.26 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $98.07. The stock’s 50-day moving average price is $95.50 and its two-hundred day moving average price is $94.64.

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.