Stonebridge Financial Group LLC Takes $28,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Stonebridge Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 312 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds also recently bought and sold shares of the company. Lockheed Martin Investment Management Co. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $62,801,000. LPL Financial LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares during the period. Strategic Financial Concepts LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $16,911,000. World Investment Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% in the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock valued at $20,534,000 after acquiring an additional 174,130 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $15,482,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.9 %

USMV stock opened at $92.99 on Friday. 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 has a market cap of $27.25 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company’s 50 day moving average is $90.70 and its 200 day moving average is $90.80.

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.