Granite Bay Wealth Management LLC Takes Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Granite Bay Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,920 shares of the company’s stock, valued at approximately $259,000.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.1% in the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after purchasing an additional 111 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 6.0% in the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after buying an additional 112 shares during the period. Asset Dedication LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after buying an additional 121 shares in the last quarter. Sensible Money LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1.4% during the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after acquiring an additional 121 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock worth $244,000 after acquiring an additional 123 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $88.17 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The stock has a market cap of $25.83 billion, a PE ratio of 25.30 and a beta of 0.59. The stock has a fifty day moving average of $91.41 and a 200-day moving average of $89.84.

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.