Ashton Thomas Private Wealth LLC Invests $3.65 Million in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ashton Thomas Private Wealth LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,086 shares of the company’s stock, valued at approximately $3,648,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Opulen Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $443,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $665,000. Raymond James Financial Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $1,176,338,000. Symphony Financial Services Inc. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 8.2% during the 4th quarter. Symphony Financial Services Inc. now owns 20,225 shares of the company’s stock worth $1,796,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.1% during the 4th quarter. Atria Investments Inc now owns 59,151 shares of the company’s stock worth $5,252,000 after purchasing an additional 1,221 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.9 %

BATS:USMV opened at $93.84 on Friday. The stock has a market cap of $23.85 billion, a P/E ratio of 24.43 and a beta of 0.79. The stock has a 50 day simple moving average of $91.57 and a 200 day simple moving average of $91.52. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.