Magnolia Capital Advisors LLC Boosts Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Magnolia Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,043 shares of the company’s stock after buying an additional 590 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.4% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Magnolia Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,935,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in USMV. Keener Financial Planning LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $26,000. Horrell Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $27,000. M&R Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $34,000. Finally, Sandy Spring Bank boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 484.0% during the third quarter. Sandy Spring Bank now owns 584 shares of the company’s stock valued at $42,000 after purchasing an additional 484 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded up $0.18 during mid-day trading on Wednesday, hitting $81.35. 1,926,904 shares of the stock traded hands. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The company has a market cap of $23.79 billion, a price-to-earnings ratio of 25.31 and a beta of 0.59. The stock has a fifty day moving average price of $81.76 and a 200-day moving average price of $78.31.

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.