Five Pine Wealth Management Invests $428,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Five Pine Wealth Management acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,815 shares of the company’s stock, valued at approximately $428,000. iShares MSCI USA Min Vol Factor ETF comprises about 0.4% of Five Pine Wealth Management’s portfolio, making the stock its 28th biggest holding.

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

iShares MSCI USA Min Vol Factor ETF Stock Up 3.8 %

BATS USMV opened at $91.97 on Friday. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The business’s fifty day moving average is $90.96 and its 200 day moving average is $90.33.

iShares MSCI USA Min Vol Factor ETF 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.