National Bank of Canada FI Has $2.33 Million Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

National Bank of Canada FI grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,222 shares of the company’s stock after purchasing an additional 490 shares during the period. National Bank of Canada FI’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares MSCI USA Min Vol Factor ETF Stock Down 2.7 %

Shares of USMV opened at $86.21 on Tuesday. The stock has a market cap of $22.08 billion, a PE ratio of 24.22 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $79.69 and a 12-month high of $95.12. The business has a 50-day simple moving average of $92.71 and a two-hundred day simple moving average of $91.77.

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.