Eastern Bank Makes New $92,000 Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Eastern Bank bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,007 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $30,000. Gleason Group Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $32,000. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $33,000. Strategic Financial Concepts LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $35,000. Finally, Bfsg LLC raised its holdings in shares of 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 valued at $39,000 after acquiring an additional 228 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $91.00 on Friday. The business has a 50-day moving average price of $91.06 and a 200 day moving average price of $86.26. The company has a market capitalization of $26.66 billion, a P/E 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.

iShares MSCI USA Min Vol Factor ETF Company 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.