Millburn Ridgefield Corp Increases Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Millburn Ridgefield Corp raised its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,651,407 shares of the company’s stock after acquiring an additional 180,849 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 8.1% of Millburn Ridgefield Corp’s investment portfolio, making the stock its 4th largest position. Millburn Ridgefield Corp owned 1.25% of iShares MSCI USA Min Vol Factor ETF worth $324,208,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.W. Cole Advisors Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 102,004 shares of the company’s stock valued at $9,057,000 after acquiring an additional 497 shares in the last quarter. Opes Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 283.2% during the 4th quarter. Opes Wealth Management LLC now owns 10,346 shares of the company’s stock valued at $919,000 after purchasing an additional 7,646 shares during the period. Valmark Advisers Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Valmark Advisers Inc. now owns 226,996 shares of the company’s stock valued at $20,155,000 after purchasing an additional 7,047 shares during the period. Csenge Advisory Group raised its holdings in iShares MSCI USA Min Vol Factor ETF by 2.2% in the 4th quarter. Csenge Advisory Group now owns 65,710 shares of the company’s stock worth $5,834,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $306,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $92.99 on Monday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a market capitalization of $27.25 billion, a P/E ratio of 25.30 and a beta of 0.59. The company’s 50-day moving average is $90.69 and its 200 day moving average is $90.90.

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.