Stonebrook Private Inc. Takes $2.91 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Stonebrook Private Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, HoldingsChannel reports. The fund acquired 37,292 shares of the company’s stock, valued at approximately $2,910,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ergawealth Advisors Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% during the fourth quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock valued at $2,207,000 after buying an additional 696 shares during the period. White Pine Investment CO increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock valued at $11,894,000 after buying an additional 668 shares during the period. Investment Advisory Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the fourth quarter. Investment Advisory Group LLC now owns 70,236 shares of the company’s stock valued at $5,481,000 after buying an additional 1,263 shares during the period. Criterion Capital Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $42,000. Finally, Confluence Wealth Services Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at about $4,176,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded down $0.29 during midday trading on Friday, hitting $80.93. 2,421,659 shares of the company traded hands. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The stock has a 50-day moving average price of $81.80 and a 200 day moving average price of $78.45. The firm has a market cap of $23.66 billion, a P/E ratio of 25.31 and a beta of 0.59.

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.