Beta Wealth Group Inc. Buys Shares of 12,589 iShares MSCI USA Min Vol Factor ETF $USMV

Beta Wealth Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,589 shares of the company’s stock, valued at approximately $1,198,000.

Other hedge funds also recently bought and sold shares of the company. Avion Wealth boosted its position in 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 worth $28,000 after purchasing an additional 143 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $29,000. Manning & Napier Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $35,000. Finally, Phillips Financial Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $96.19 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $96.55. The company’s fifty day simple moving average is $94.76 and its 200-day simple moving average is $94.25. The stock has a market capitalization of $24.55 billion, a PE ratio of 22.90 and a beta of 0.72.

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.