Rehmann Capital Advisory Group Boosts Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Rehmann Capital Advisory Group grew its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,458 shares of the company’s stock after purchasing an additional 13,655 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 1.6% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 12th largest position. Rehmann Capital Advisory Group owned 0.12% of iShares MSCI USA Min Vol Factor ETF worth $28,390,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USMV. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $30,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $35,000. Howe & Rusling Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% in the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $48,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded up $0.71 during trading on Friday, hitting $95.70. 447,110 shares of the company traded hands, compared to its average volume of 2,769,115. The company has a 50-day moving average of $95.47 and a 200-day moving average of $94.63. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $98.07. The firm has a market capitalization of $24.42 billion, a PE ratio of 22.90 and a beta of 0.72.

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.