Modera Wealth Management LLC Buys Shares of 2,769 iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Modera Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel reports. The fund purchased 2,769 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in USMV. PNC Financial Services Group Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after buying an additional 91,948 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares in the last quarter. Millburn Ridgefield Corp lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after purchasing an additional 21,739 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after purchasing an additional 17,264 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8 %

Shares of BATS:USMV opened at $93.76 on Thursday. The stock has a market cap of $23.82 billion, a PE ratio of 24.43 and a beta of 0.79. The company’s fifty day moving average is $91.44 and its 200 day moving average is $91.48. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45.

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.