Montecito Bank & Trust bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 51,395 shares of the company’s stock, valued at approximately $4,890,000.
Several other large investors have also recently bought and sold shares of the stock. ROSS JOHNSON & Associates LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $28,000. Avion Wealth grew its stake in shares of 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 valued at $28,000 after buying an additional 143 shares in the last quarter. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $29,000. Flaharty Asset Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth $30,000. Finally, Phillips Financial Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $46,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
Shares of USMV opened at $93.77 on Thursday. The company has a market cap of $23.93 billion, a PE ratio of 22.90 and a beta of 0.72. The firm has a 50-day moving average of $94.02 and a 200-day moving average of $93.74. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12.
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.
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