New England Asset Management Inc. Makes New Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

New England Asset Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, Holdings Channel reports. The institutional investor bought 29,150 shares of the company’s stock, valued at approximately $2,662,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.1% during the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after purchasing an additional 111 shares during the last quarter. Asset Dedication LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock worth $765,000 after buying an additional 121 shares in the last quarter. Sensible Money LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% during the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock worth $797,000 after buying an additional 121 shares in the last quarter. Sage Capital Advisors llc boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% in the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock worth $448,000 after buying an additional 123 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after acquiring an additional 123 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.4 %

Shares of USMV opened at $91.49 on Tuesday. The stock has a 50 day moving average of $91.47 and a 200 day moving average of $87.49. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The company has a market capitalization of $26.81 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.