NewEdge Wealth LLC Has $3.12 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

NewEdge Wealth LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,667 shares of the company’s stock after purchasing an additional 10,617 shares during the period. NewEdge Wealth LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,122,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Frankly Finances LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $29,000. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $29,000. Ankerstar Wealth LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.9%

Shares of BATS:USMV opened at $96.95 on Friday. The firm has a market cap of $24.74 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.73. The business has a fifty day simple moving average of $96.29 and a 200 day simple moving average of $95.24.

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.