Cornerstone Planning LLC Makes New $3.77 Million Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Cornerstone Planning LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,812 shares of the company’s stock, valued at approximately $3,765,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Junto Capital Management LP bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $85,107,000. BNP Paribas Financial Markets lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10,472.3% in the fourth quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock valued at $75,398,000 after purchasing an additional 793,173 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% in the third quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after purchasing an additional 565,200 shares in the last quarter. Morgan Stanley boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after buying an additional 465,870 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after buying an additional 452,184 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $94.24 on Friday. The company has a market cap of $24.05 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.07. The stock has a 50-day simple moving average of $95.04 and a 200 day simple moving average of $94.85.

iShares MSCI USA Min Vol Factor ETF 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.