Modern Wealth Management LLC Boosts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Modern Wealth Management LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,415 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of USMV. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $1,176,338,000. LPL Financial LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after buying an additional 328,291 shares during the period. Millburn Ridgefield Corp grew its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after acquiring an additional 21,739 shares during the period. Finally, Assetmark Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the fourth quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock worth $142,627,000 after acquiring an additional 10,270 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $93.08 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $79.69 and a 52-week high of $95.12. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The stock has a 50 day moving average price of $92.36 and a 200 day moving average price of $91.68.

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.