iShares MSCI USA Min Vol Factor ETF $USMV Stock: Parallel Advisors LLC Raises Position

Parallel Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 33.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 97,625 shares of the company’s stock after acquiring an additional 24,689 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the 1st quarter. Cetera Investment Advisers now owns 2,162,456 shares of the company’s stock valued at $200,546,000 after buying an additional 39,289 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $171,412,000. Sei Investments Co. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 1st quarter. Sei Investments Co. now owns 1,560,042 shares of the company’s stock valued at $144,677,000 after buying an additional 28,733 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 99.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock worth $106,053,000 after buying an additional 569,762 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1,040.9% in the third quarter. Apollon Wealth Management LLC now owns 989,315 shares of the company’s stock worth $96,399,000 after buying an additional 902,603 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $101.23 on Friday. The firm has a market cap of $25.83 billion, a PE ratio of 22.90 and a beta of 0.72. The firm’s 50 day moving average price is $100.57 and its 200 day moving average price is $97.20. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $104.75.

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.