Sherman Wealth Management LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Sherman Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, HoldingsChannel.com reports. The firm bought 29,670 shares of the company’s stock, valued at approximately $2,823,000. iShares MSCI USA Min Vol Factor ETF accounts for 2.8% of Sherman Wealth Management LLC’s portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $26,000. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $30,000. Abound Wealth Management boosted its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after acquiring an additional 271 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $35,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $91.12 on Friday. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. 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 business’s 50-day moving average is $95.23 and its 200-day moving average is $94.57.

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.