Cynosure Group LLC Invests $3.20 Million in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Cynosure Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 36,065 shares of the company’s stock, valued at approximately $3,202,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millburn Ridgefield Corp raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the fourth quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Darrow Company Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 4th quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock valued at $13,755,000 after acquiring an additional 1,256 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $1,529,000. Advisors Preferred LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $438,000. Finally, MONECO Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% in the 4th quarter. MONECO Advisors LLC now owns 106,286 shares of the company’s stock valued at $9,437,000 after acquiring an additional 427 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $93.56 on Wednesday. The company has a 50 day simple moving average of $92.81 and a 200 day simple moving average of $91.81. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $79.69 and a 1 year high of $95.12. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 24.22 and a beta of 0.74.

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.