Five Pine Wealth Management Invests $428,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Five Pine Wealth Management purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,815 shares of the company’s stock, valued at approximately $428,000. iShares MSCI USA Min Vol Factor ETF comprises 0.4% of Five Pine Wealth Management’s holdings, making the stock its 28th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SpiderRock Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $629,000. EdgeRock Capital LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.3% in the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $6,132,000 after purchasing an additional 3,371 shares during the period. Integrated Wealth Concepts LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after buying an additional 43,846 shares in the last quarter. Bell Investment Advisors Inc increased its position in iShares MSCI USA Min Vol Factor ETF by 42.2% during the 3rd quarter. Bell Investment Advisors Inc now owns 38,509 shares of the company’s stock worth $3,516,000 after buying an additional 11,432 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 149.9% during the third quarter. Quantinno Capital Management LP now owns 6,366 shares of the company’s stock worth $581,000 after buying an additional 3,819 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $91.97 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The company has a market capitalization of $26.95 billion, a PE ratio of 25.30 and a beta of 0.59. The company’s 50-day simple moving average is $90.96 and its 200 day simple moving average is $90.33.

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.