Symphony Financial Services Inc. Increases Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Symphony Financial Services Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,864 shares of the company’s stock after acquiring an additional 1,467 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 1.2% of Symphony Financial Services Inc.’s investment portfolio, making the stock its 22nd biggest holding. Symphony Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,958,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 2nd quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after buying an additional 110 shares in the last quarter. Sensible Money LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% in the 1st quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after acquiring an additional 112 shares during the period. KPP Advisory Services LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.9% during the 2nd quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock worth $391,000 after purchasing an additional 118 shares during the period. Almanack Investment Partners LLC. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the second quarter. Almanack Investment Partners LLC. now owns 20,319 shares of the company’s stock worth $1,907,000 after buying an additional 124 shares during the period. Finally, Cynosure Group LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% during the 1st quarter. Cynosure Group LLC now owns 36,192 shares of the company’s stock valued at $3,390,000 after acquiring an additional 127 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.3%

BATS:USMV opened at $94.23 on Wednesday. The stock’s 50 day simple moving average is $94.10 and its 200-day simple moving average is $93.47. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The firm has a market cap of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.