GDS Wealth Management Has $28.87 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

GDS Wealth Management increased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 303,422 shares of the company’s stock after buying an additional 5,697 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 1.9% of GDS Wealth Management’s portfolio, making the stock its 11th biggest holding. GDS Wealth Management owned about 0.12% of iShares MSCI USA Min Vol Factor ETF worth $28,868,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of USMV. Avion Wealth raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $35,000. Finally, Phillips Financial Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $94.86 on Friday. The stock has a 50 day moving average price of $94.34 and a 200 day moving average price of $94.00. The stock has a market capitalization of $24.21 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12.

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.