Simon Quick Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,424 shares of the company’s stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Carrera Capital Advisors acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $33,148,000. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $18,422,000. Bank of Montreal Can lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 572.4% in the 2nd quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock worth $21,142,000 after purchasing an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 867.8% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock valued at $18,463,000 after purchasing an additional 197,175 shares during the period.
iShares MSCI USA Min Vol Factor ETF Trading Up 2.6 %
USMV opened at $90.97 on Friday. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company’s fifty day moving average price is $90.96 and its two-hundred day moving average price is $90.13. 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.
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