Avidian Wealth Enterprises LLC Increases Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Avidian Wealth Enterprises LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2,578.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 173,645 shares of the company’s stock after buying an additional 167,162 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 0.7% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 25th biggest position. Avidian Wealth Enterprises LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $15,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $30,000. Gleason Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $32,000. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $33,000. Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $38,000. Finally, Bfsg LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $90.73 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock’s fifty day moving average price is $91.14 and its two-hundred day moving average price is $86.83. The firm has a market cap of $26.58 billion, a PE ratio of 25.30 and a beta of 0.59.

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.