Ridgeline Wealth LLC Acquires Shares of 6,180 iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ridgeline Wealth LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,180 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $30,000. Fortitude Family Office LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $38,000. Bfsg LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares during the period. Arrow Financial Corp bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $45,000. Finally, Cullen Frost Bankers Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 62,400.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 625 shares of the company’s stock valued at $52,000 after acquiring an additional 624 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.5 %

USMV traded up $0.44 during midday trading on Monday, reaching $89.10. The company’s stock had a trading volume of 1,276,882 shares. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock’s 50-day moving average is $91.63 and its 200-day moving average is $89.65. The firm has a market capitalization of $26.11 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.