Claro Advisors LLC Purchases 780 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Claro Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 14.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,227 shares of the company’s stock after acquiring an additional 780 shares during the period. Claro Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Phillips Wealth Planners LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,887 shares of the company’s stock valued at $464,000 after buying an additional 134 shares in the last quarter. Yarger Wealth Strategies LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock valued at $1,079,000 after buying an additional 139 shares during the period. Hoese & Co LLP lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% in the 4th quarter. Hoese & Co LLP now owns 54,001 shares of the company’s stock worth $4,123,000 after purchasing an additional 140 shares during the period. Adamsbrown Wealth Consultants LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.9% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 3,220 shares of the company’s stock worth $251,000 after purchasing an additional 149 shares during the period. Finally, Sandy Spring Bank boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 25.7% in the 4th quarter. Sandy Spring Bank now owns 734 shares of the company’s stock worth $57,000 after purchasing an additional 150 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV traded down $0.23 during mid-day trading on Monday, reaching $83.73. The company had a trading volume of 1,999,206 shares. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The firm has a 50-day moving average price of $82.73 and a 200 day moving average price of $81.20.

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.