Castle Wealth Management LLC Grows Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Castle Wealth Management LLC grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,411 shares of the company’s stock after purchasing an additional 277 shares during the period. Castle Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 140,054.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,961,456 shares of the company’s stock valued at $790,321,000 after buying an additional 10,953,635 shares in the last quarter. FMR LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after acquiring an additional 9,059,409 shares during the last quarter. Allstate Investment Management Co. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $308,588,000. Catalyst Capital Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $259,275,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $246,963,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

iShares MSCI USA Min Vol Factor ETF stock traded up $0.49 during midday trading on Friday, reaching $80.49. 2,948,059 shares of the stock traded hands. The company has a 50-day simple moving average of $81.72 and a two-hundred day simple moving average of $78.10. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The firm has a market cap of $23.54 billion, a PE ratio of 25.31 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.