Torrey Payne Wealth Management LLC Invests $8.19 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Torrey Payne Wealth Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 85,719 shares of the company’s stock, valued at approximately $8,188,000. iShares MSCI USA Min Vol Factor ETF makes up approximately 7.4% of Torrey Payne Wealth Management LLC’s portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Junto Capital Management LP bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth approximately $85,107,000. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10,472.3% in the 4th quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock valued at $75,398,000 after purchasing an additional 793,173 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% in the 3rd quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after purchasing an additional 565,200 shares during the last quarter. Morgan Stanley boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% in the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after purchasing an additional 465,870 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after purchasing an additional 452,184 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $94.24 on Friday. The company has a market cap of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. The business’s 50 day moving average price is $95.04 and its 200-day moving average price is $94.85. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.

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.