5,474 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Purchased by SHP Wealth Management

SHP Wealth Management bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, HoldingsChannel reports. The fund bought 5,474 shares of the company’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors have also bought and sold shares of USMV. Frankly Finances LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $25,000. Investors Research Corp bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $26,000. Elevated Capital Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $29,000. Chapman Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $29,000. Finally, Abound Wealth Management raised its stake 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 valued at $31,000 after buying an additional 271 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $94.24 on Friday. The business’s fifty day moving average price is $95.04 and its 200-day moving average price is $94.85. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $98.07.

About iShares MSCI USA Min Vol Factor ETF

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.