Beacon Advisors Holdings LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Beacon Advisors Holdings LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel.com reports. The fund purchased 131,791 shares of the company’s stock, valued at approximately $12,409,000. iShares MSCI USA Min Vol Factor ETF comprises about 6.5% of Beacon Advisors Holdings LLC’s portfolio, making the stock its 4th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Becker Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $569,000. Hibernia Wealth Partners LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 66.1% during the fourth quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after purchasing an additional 25,216 shares during the period. Western Wealth Management LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 28.4% in the fourth quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after buying an additional 16,434 shares during the last quarter. Chatterton & Associates Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $851,000. Finally, Concurrent Investment Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock worth $8,819,000 after buying an additional 8,469 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.4%

USMV opened at $94.24 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07. The firm has a market capitalization of $24.05 billion, a PE ratio of 22.90 and a beta of 0.72. The firm has a 50 day moving average of $95.04 and a two-hundred day moving average of $94.85.

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.