Advisors Capital Management LLC Takes Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Advisors Capital Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,596 shares of the company’s stock, valued at approximately $319,000.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 278.2% in the third quarter. World Investment Advisors LLC now owns 191,915 shares of the company’s stock valued at $17,518,000 after purchasing an additional 141,167 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $328,000. Asset Advisors Investment Management LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% during the third quarter. Asset Advisors Investment Management LLC now owns 146,127 shares of the company’s stock worth $13,343,000 after acquiring an additional 8,188 shares during the period. Insight Wealth Strategies LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% in the fourth quarter. Insight Wealth Strategies LLC now owns 343,489 shares of the company’s stock valued at $30,498,000 after acquiring an additional 4,163 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 4.2% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 4,426 shares of the company’s stock valued at $393,000 after purchasing an additional 177 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $90.83 on Wednesday. The business has a 50-day simple moving average of $92.13 and a 200-day simple moving average of $91.62. iShares MSCI USA Min Vol Factor ETF has a one year low of $79.69 and a one year high of $95.12. The company has a market cap of $23.26 billion, a PE ratio of 24.22 and a beta of 0.74.

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.