Tennessee Valley Asset Management Partners Takes $568,000 Position in iShares MSCI USA Min Vol Factor ETF $USMV

Tennessee Valley Asset Management Partners bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,965 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of USMV. Chapman Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $35,000. Howe & Rusling Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% during the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after buying an additional 302 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $48,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5%

Shares of USMV stock opened at $95.42 on Thursday. The stock’s 50-day moving average price is $95.46 and its 200 day moving average price is $94.62. The stock has a market capitalization of $24.35 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $98.07.

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.