Merit Financial Group LLC Grows Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Merit Financial Group LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 40.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 137,220 shares of the company’s stock after buying an additional 39,635 shares during the quarter. Merit Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,881,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in USMV. Brown Advisory Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% during the first quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after acquiring an additional 1,387 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 102.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after acquiring an additional 3,352,591 shares in the last quarter. Accurate Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $203,000. Symmetry Partners LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 10.1% in the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after acquiring an additional 24,219 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $95.14 on Friday. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The business’s fifty day moving average is $93.82 and its two-hundred day moving average is $92.80.

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.