Park Avenue Securities LLC Buys 82,568 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Park Avenue Securities LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,892 shares of the company’s stock after buying an additional 82,568 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $44,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USMV. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 102.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after acquiring an additional 3,352,591 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $130,668,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after buying an additional 568,565 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 400.2% during the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock worth $50,436,000 after purchasing an additional 430,843 shares during the period. Finally, Horizon Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth approximately $39,347,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.9%

BATS USMV opened at $93.85 on Friday. The stock has a market cap of $23.95 billion, a PE ratio of 22.90 and a beta of 0.72. The company’s 50-day moving average price is $93.57 and its 200-day moving average price is $92.66. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.