Aureum Wealth Management LLC Invests $3.05 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Aureum Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,390 shares of the company’s stock, valued at approximately $3,050,000. iShares MSCI USA Min Vol Factor ETF accounts for about 2.8% of Aureum Wealth Management LLC’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Frankly Finances LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $25,000. Investors Research Corp purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $26,000. Chapman Financial Group LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $29,000. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $29,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $30,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $94.09 on Thursday. The stock has a market cap of $24.01 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $89.85 and a 1 year high of $98.07. The firm has a fifty day moving average price of $94.68 and a 200-day moving average price of $94.49.

iShares MSCI USA Min Vol Factor ETF 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.