41,342 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Bought by Castellan Group

Castellan Group bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 41,342 shares of the company’s stock, valued at approximately $3,893,000. iShares MSCI USA Min Vol Factor ETF accounts for about 0.5% of Castellan Group’s holdings, making the stock its 24th largest holding.

Several other hedge funds also recently bought and sold shares of USMV. Investors Research Corp bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth $26,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $29,000. Manning & Napier Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $30,000. Abound Wealth Management boosted 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 worth $31,000 after buying an additional 271 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $35,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $92.75 on Monday. The firm has a 50-day simple moving average of $94.90 and a two-hundred day simple moving average of $94.52. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $87.41 and a 52 week high of $98.07. The company has a market capitalization of $23.67 billion, a PE ratio of 22.90 and a beta of 0.72.

About iShares MSCI USA Min Vol Factor ETF

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.