Evolution Wealth Advisors LLC Takes $205,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Evolution Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, Holdings Channel reports. The fund purchased 2,624 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Yarger Wealth Strategies LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.0% in the 4th quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock worth $1,079,000 after buying an additional 139 shares during the period. Hoese & Co LLP increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.3% in the 4th quarter. Hoese & Co LLP now owns 54,001 shares of the company’s stock worth $4,123,000 after buying an additional 140 shares during the period. Archer Investment Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 3.4% in the 3rd quarter. Archer Investment Corp now owns 4,462 shares of the company’s stock worth $323,000 after buying an additional 146 shares during the period. Adamsbrown Wealth Consultants LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 4.9% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 3,220 shares of the company’s stock worth $251,000 after buying an additional 149 shares during the period. Finally, Sandy Spring Bank increased its stake in iShares MSCI USA Min Vol Factor ETF by 25.7% in the 4th quarter. Sandy Spring Bank now owns 734 shares of the company’s stock worth $57,000 after buying an additional 150 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

USMV stock traded up $0.49 during trading on Friday, hitting $80.49. The company had a trading volume of 2,948,059 shares. The firm has a market capitalization of $23.54 billion, a P/E 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. The company has a 50 day simple moving average of $81.71 and a 200-day simple moving average of $78.04.

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.