LPL Financial LLC Increases Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

LPL Financial LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,685,914 shares of the company’s stock after buying an additional 328,291 shares during the period. LPL Financial LLC owned 1.94% of iShares MSCI USA Min Vol Factor ETF worth $504,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mosley Wealth Management raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% during the fourth quarter. Mosley Wealth Management now owns 12,644 shares of the company’s stock valued at $1,157,000 after buying an additional 728 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $276,000. Quantbot Technologies LP bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $531,000. Millstone Evans Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $38,000. Finally, Lee Danner & Bass Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $65,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $92.29 on Friday. The company’s fifty day moving average is $92.25 and its 200 day moving average is $91.66. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $79.69 and a fifty-two week high of $95.12. The stock has a market capitalization of $24.09 billion, a PE ratio of 24.03 and a beta of 0.77.

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.