Elevation Capital Advisory LLC Acquires New Position in iShares MSCI USA Min Vol Factor ETF $USMV

Elevation Capital Advisory LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 79,645 shares of the company’s stock, valued at approximately $7,577,000. iShares MSCI USA Min Vol Factor ETF comprises approximately 3.0% of Elevation Capital Advisory LLC’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Avion Wealth lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares during the last quarter. Chapman Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $35,000. Finally, Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.8%

USMV opened at $94.71 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The business’s 50-day moving average price is $94.33 and its 200-day moving average price is $93.99. The company has a market cap of $24.17 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.