190,462 Shares in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 190,462 shares of the company’s stock, valued at approximately $16,911,000. Strategic Financial Concepts LLC owned 0.07% of iShares MSCI USA Min Vol Factor ETF as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SpiderRock Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $629,000. EdgeRock Capital LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 5.3% in the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after purchasing an additional 3,371 shares during the period. Integrated Wealth Concepts LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock worth $57,937,000 after purchasing an additional 43,846 shares during the period. Bell Investment Advisors Inc raised its position in iShares MSCI USA Min Vol Factor ETF by 42.2% in the 3rd quarter. Bell Investment Advisors Inc now owns 38,509 shares of the company’s stock worth $3,516,000 after purchasing an additional 11,432 shares during the period. Finally, Quantinno Capital Management LP raised its position in iShares MSCI USA Min Vol Factor ETF by 149.9% in the 3rd quarter. Quantinno Capital Management LP now owns 6,366 shares of the company’s stock worth $581,000 after purchasing an additional 3,819 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.6 %

USMV stock opened at $92.73 on Friday. The firm’s 50-day moving average price is $90.80 and its two-hundred day moving average price is $90.55. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.