Tcfg Wealth Management LLC Buys New Position in iShares MSCI USA Min Vol Factor ETF $USMV

Tcfg Wealth Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 83,738 shares of the company’s stock, valued at approximately $7,967,000. iShares MSCI USA Min Vol Factor ETF makes up 0.6% of Tcfg Wealth Management LLC’s portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Insight Inv LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $1,083,000. Win Advisors Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $899,000. Dynasty Wealth Management LLC lifted its holdings in 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 buying an additional 84,969 shares during the period. Becker Capital Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $569,000. Finally, Cynosure Group LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 16.8% during the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after acquiring an additional 6,104 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $95.09 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $98.07. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s 50 day moving average price is $95.55 and its two-hundred day moving average price is $94.66.

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.