iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Bought by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. grew its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 40.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,003 shares of the company’s stock after acquiring an additional 2,303 shares during the quarter. Alterna Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $731,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $30,000. QRG Capital Management Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 36.5% in the second quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock valued at $399,000 after purchasing an additional 1,270 shares during the period. Banco Santander S.A. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.2% in the 2nd quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock valued at $8,329,000 after purchasing an additional 1,200 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,861 shares of the company’s stock valued at $406,000 after purchasing an additional 914 shares in the last quarter. Finally, EdgeRock Capital LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 5.3% during the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after purchasing an additional 3,371 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $89.94 on Tuesday. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. 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 has a fifty day moving average price of $91.13 and a two-hundred day moving average price of $86.76.

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.