Joel Adams & Associates Inc. Buys Shares of 9,672 iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Joel Adams & Associates Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,672 shares of the company’s stock, valued at approximately $859,000. iShares MSCI USA Min Vol Factor ETF accounts for 0.8% of Joel Adams & Associates Inc.’s holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of USMV. Lockheed Martin Investment Management Co. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $62,801,000. LPL Financial LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after buying an additional 346,414 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $16,911,000. Millburn Ridgefield Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the fourth quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after buying an additional 180,849 shares in the last quarter. Finally, World Investment Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 343.1% during the third quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock valued at $20,534,000 after acquiring an additional 174,130 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $93.15 on Wednesday. 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 firm has a market cap of $27.29 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The firm has a 50 day moving average price of $90.69 and a 200-day moving average price of $90.94.

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.