Illumine Investment Management LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Illumine Investment Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,822 shares of the company’s stock, valued at approximately $695,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $38,000. First Trust Direct Indexing L.P. grew its stake in iShares MSCI USA Min Vol Factor ETF by 30.1% in the third quarter. First Trust Direct Indexing L.P. now owns 13,600 shares of the company’s stock worth $1,242,000 after purchasing an additional 3,150 shares during the period. Diversify Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $298,000. JFS Wealth Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 13.0% during the third quarter. JFS Wealth Advisors LLC now owns 3,892 shares of the company’s stock valued at $355,000 after buying an additional 449 shares during the period. Finally, Financial Advocates Investment Management boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 43.2% during the 3rd quarter. Financial Advocates Investment Management now owns 87,309 shares of the company’s stock valued at $7,974,000 after buying an additional 26,322 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $93.38 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 company has a market capitalization of $23.73 billion, a PE ratio of 24.43 and a beta of 0.79. The firm’s 50-day moving average price is $91.07 and its 200-day moving average price is $91.29.

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.