Lockheed Martin Investment Management Co. Takes $62.80 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Lockheed Martin Investment Management Co. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, HoldingsChannel reports. The firm purchased 707,300 shares of the company’s stock, valued at approximately $62,801,000. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.5% of Lockheed Martin Investment Management Co.’s holdings, making the stock its 8th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Win Advisors Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $8,588,000. Guidance Capital Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $624,000. Newton One Investments LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $67,000. Kathleen S. Wright Associates Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 3.0% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 62,289 shares of the company’s stock worth $5,531,000 after purchasing an additional 1,804 shares during the period. Finally, Calamos Wealth Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. Calamos Wealth Management LLC now owns 93,192 shares of the company’s stock valued at $8,275,000 after purchasing an additional 364 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.2 %

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $92.39 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The firm has a fifty day simple moving average of $90.90 and a 200-day simple moving average of $90.46. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.