Schrum Private Wealth Management LLC Has $1.84 Million Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Schrum Private Wealth Management LLC raised its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 70.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,140 shares of the company’s stock after buying an additional 8,347 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 1.0% of Schrum Private Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Schrum Private Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USMV. Headlands Technologies LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $30,000. Gleason Group Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $38,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.2 %

iShares MSCI USA Min Vol Factor ETF stock traded down $0.20 during midday trading on Wednesday, reaching $93.14. The company’s stock had a trading volume of 1,464,823 shares. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock has a market cap of $27.29 billion, a PE ratio of 25.30 and a beta of 0.59. The business has a 50-day moving average price of $91.30 and a 200-day moving average price of $87.16.

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.