LPL Financial LLC Has $592.14 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

LPL Financial LLC cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 6,288,665 shares of the company’s stock after selling 258,361 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $592,141,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.5% during the fourth quarter. Franklin Resources Inc. now owns 60,789 shares of the company’s stock worth $5,724,000 after purchasing an additional 2,076 shares during the period. Manchester Capital Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $95,000. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock worth $333,587,000 after purchasing an additional 198,476 shares during the period. Vestcor Inc grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 438.5% during the fourth quarter. Vestcor Inc now owns 420,748 shares of the company’s stock worth $39,618,000 after purchasing an additional 342,610 shares during the period. Finally, MCF Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 218.3% during the fourth quarter. MCF Advisors LLC now owns 993 shares of the company’s stock worth $93,000 after purchasing an additional 681 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.4%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $95.23 on Tuesday. The business has a fifty day simple moving average of $94.60 and a 200 day simple moving average of $94.78. The stock has a market cap of $24.30 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 $91.02 and a 12 month high of $98.07.

iShares MSCI USA Min Vol Factor ETF Company 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.