Optivise Advisory Services LLC Takes $499,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Optivise Advisory Services LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 5,467 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $30,000. Gleason Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $32,000. Hantz Financial Services Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $35,000. Finally, Fortitude Family Office LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.5 %

USMV opened at $93.46 on Friday. The company has a market capitalization of $27.38 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 $91.60 and a 200-day moving average price of $87.70. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

About iShares MSCI USA Min Vol Factor ETF

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.