Focus Financial Network Inc. Has $5 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Focus Financial Network Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,598 shares of the company’s stock after purchasing an additional 6,377 shares during the quarter. Focus Financial Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,004,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of USMV. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the second quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock valued at $1,249,883,000 after buying an additional 191,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after acquiring an additional 51,463 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after acquiring an additional 81,787 shares during the period. Ameriprise Financial Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after acquiring an additional 452,184 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock valued at $206,734,000 after acquiring an additional 16,746 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $94.08 on Friday. The company has a 50 day simple moving average of $94.00 and a 200-day simple moving average of $93.74. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12.

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.