Tallon Kerry Patrick Buys New Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Tallon Kerry Patrick bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $621,000.

Other hedge funds also recently added to or reduced their stakes in the company. Carrera Capital Advisors acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $33,148,000. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $18,422,000. Bank of Montreal Can increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 572.4% in the second quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock valued at $21,142,000 after purchasing an additional 213,145 shares during the period. Finally, Magnolia Capital Advisors LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 867.8% in the second quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock valued at $18,463,000 after purchasing an additional 197,175 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $89.68 on Friday. The stock’s 50-day simple moving average is $91.23 and its 200-day simple moving average is $89.86. The firm has a market capitalization of $26.28 billion, a PE ratio of 25.30 and a beta of 0.59. 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.

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.