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

Opes Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,682 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of USMV. Keener Financial Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $26,000. Horrell Capital Management Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $28,000. Finally, Stonebridge Capital Advisors LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 180.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 401 shares of the company’s stock valued at $29,000 after purchasing an additional 258 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV traded up $0.10 during midday trading on Thursday, reaching $80.02. 2,565,928 shares of the company’s stock traded hands. The firm has a fifty day moving average of $81.72 and a two-hundred day moving average of $78.02. The stock has a market capitalization of $23.40 billion, a price-to-earnings ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.