iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Bought by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,842 shares of the company’s stock after purchasing an additional 161 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 1.2% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Milestone Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,368,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $30,000. Gleason Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $35,000. Finally, Fortitude Family Office LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $90.73 on Wednesday. The stock has a 50 day moving average price of $91.14 and a 200 day moving average price of $86.83. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The stock has a market capitalization of $26.58 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF Company 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.