iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Fortune Financial Advisors LLC

Fortune Financial Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 122,298 shares of the company’s stock after buying an additional 4,427 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 9.9% of Fortune Financial Advisors LLC’s investment portfolio, making the stock its biggest position. Fortune Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,859,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of USMV. Renaissance Technologies LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $1,369,000. AQR Capital Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 101.3% during the 2nd quarter. AQR Capital Management LLC now owns 27,458 shares of the company’s stock worth $2,305,000 after buying an additional 13,818 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $18,422,000. Heritage Wealth Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $359,000. Finally, Canandaigua National Bank & Trust Co. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $388,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.2 %

USMV stock opened at $92.40 on Friday. The firm has a 50-day moving average price of $90.97 and a 200-day moving average price of $90.31. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The stock has a market capitalization of $27.07 billion, a P/E ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF 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.