Fifth Third Wealth Advisors LLC Has $586,000 Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Fifth Third Wealth Advisors LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,244 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $586,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 8.9% during the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after purchasing an additional 1,387 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 102.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after purchasing an additional 3,352,591 shares in the last quarter. Accurate Wealth Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $203,000. Symmetry Partners LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 10.1% in the 2nd 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 acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $94.01 on Monday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12. The firm has a 50 day moving average price of $94.00 and a two-hundred day moving average price of $92.87. The stock has a market cap of $23.99 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.