Spectrum Asset Management Inc. NB CA Buys 3,671 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Spectrum Asset Management Inc. NB CA grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 119,806 shares of the company’s stock after buying an additional 3,671 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 4.9% of Spectrum Asset Management Inc. NB CA’s portfolio, making the stock its largest holding. Spectrum Asset Management Inc. NB CA’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,246,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,291 shares during the last quarter. Capital Investment Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $207,000. Farther Finance Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 90.8% in the 1st quarter. Farther Finance Advisors LLC now owns 35,897 shares of the company’s stock valued at $3,360,000 after purchasing an additional 17,080 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 11.5% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 22,583 shares of the company’s stock worth $2,115,000 after purchasing an additional 2,334 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock worth $254,000 after purchasing an additional 731 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $95.22 on Wednesday. The firm has a market capitalization of $24.30 billion, a PE ratio of 22.90 and a beta of 0.72. The business’s fifty day moving average price is $93.88 and its 200 day moving average price is $92.84. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.