Ipsen Advisor Group LLC Invests $225,000 in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ipsen Advisor Group LLC purchased a new stake in shares of 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 purchased 2,531 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 147.2% during the 3rd quarter. Larson Financial Group LLC now owns 3,270 shares of the company’s stock valued at $299,000 after purchasing an additional 1,947 shares during the last quarter. Patton Albertson Miller Group LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 3.7% during the third quarter. Patton Albertson Miller Group LLC now owns 11,317 shares of the company’s stock worth $1,033,000 after buying an additional 401 shares during the last quarter. D.A. Davidson & CO. raised its position in iShares MSCI USA Min Vol Factor ETF by 1.8% in the third quarter. D.A. Davidson & CO. now owns 131,331 shares of the company’s stock worth $11,992,000 after acquiring an additional 2,350 shares during the period. BNP Paribas Financial Markets boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 5,017 shares of the company’s stock valued at $458,000 after acquiring an additional 243 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at approximately $134,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.7 %

BATS:USMV opened at $92.77 on Wednesday. The firm’s 50 day moving average is $92.45 and its 200 day moving average is $91.71. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $79.69 and a 12 month high of $95.12. The stock has a market capitalization of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77.

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.