Noble Wealth Management PBC Makes New Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Noble Wealth Management PBC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,274 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds have also modified their holdings of the company. Maripau Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $577,000. Flputnam Investment Management Co. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% in the fourth quarter. Flputnam Investment Management Co. now owns 2,965 shares of the company’s stock worth $263,000 after purchasing an additional 123 shares during the period. Illumine Investment Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $695,000. Dynasty Wealth Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.4% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,203,928 shares of the company’s stock worth $106,897,000 after purchasing an additional 93,543 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 43.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the company’s stock worth $178,000 after purchasing an additional 605 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $94.60 on Friday. The firm has a market cap of $24.04 billion, a P/E ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The company has a 50 day simple moving average of $91.19 and a two-hundred day simple moving average of $91.34.

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.