Beam Wealth Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,848 shares of the company’s stock, valued at approximately $1,470,000.
A number of other large investors have also modified their holdings of USMV. Frankly Finances LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $25,000. Investors Research Corp purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $26,000. Elevated Capital Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $29,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $29,000. Finally, Abound Wealth Management raised its position in iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after purchasing an additional 271 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of USMV opened at $97.65 on Thursday. The stock has a 50-day simple moving average of $95.68 and a 200-day simple moving average of $95.05. The stock has a market capitalization of $24.92 billion, a PE 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 $98.73.
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.
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