Good Life Advisors LLC Increases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Good Life Advisors LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 833.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,807 shares of the company’s stock after purchasing an additional 67,689 shares during the period. Good Life Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in USMV. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $130,668,000. JPMorgan Chase & Co. lifted its position in iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after buying an additional 568,565 shares during the last quarter. Truist Financial Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 147.7% during the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after buying an additional 436,281 shares during the period. Russell Investments Group Ltd. increased its position in iShares MSCI USA Min Vol Factor ETF by 400.2% during the first quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after acquiring an additional 430,843 shares during the last quarter. Finally, Ascent Group LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1,116.1% in the second quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock valued at $28,923,000 after acquiring an additional 282,778 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.5%

USMV stock opened at $94.43 on Thursday. The stock has a market cap of $24.10 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The company has a 50-day moving average price of $94.11 and a 200 day moving average price of $93.48.

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.