HB Wealth Management LLC Purchases 2,948 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

HB Wealth Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,711 shares of the company’s stock after buying an additional 2,948 shares during the period. HB Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $38,000. Bfsg LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 228 shares during the last quarter. Arrow Financial Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $45,000. Eastern Bank bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $92,000. Finally, American Capital Advisory LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1,460.0% in the 3rd quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock valued at $93,000 after purchasing an additional 949 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $89.87 on Monday. 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 market capitalization of $26.33 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock has a 50 day moving average price of $91.16 and a 200 day moving average price of $89.98.

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.