Enzi Wealth Has $3.58 Million Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Enzi Wealth reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 73.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,879 shares of the company’s stock after selling 103,920 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.3% of Enzi Wealth’s holdings, making the stock its 14th largest position. Enzi Wealth’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of USMV. Investors Research Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $30,000. Abound Wealth Management grew its holdings 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 buying an additional 271 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $35,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $92.74 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $98.07. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s fifty day moving average price is $95.16 and its two-hundred day moving average price is $94.54.

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.