iShares MSCI USA Min Vol Factor ETF $USMV is Flagship Private Wealth LLC’s 2nd Largest Position

Flagship Private Wealth LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,082 shares of the company’s stock after selling 19,340 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 8.5% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 2nd largest position. Flagship Private Wealth LLC owned approximately 0.07% of iShares MSCI USA Min Vol Factor ETF worth $16,529,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised 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 worth $620,423,000 after purchasing an additional 3,352,591 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $130,668,000. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after purchasing an additional 568,565 shares in the last quarter. Truist Financial Corp raised its holdings in iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after purchasing an additional 436,281 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 400.2% in the first 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 in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $94.85 on Friday. The company has a market capitalization of $24.20 billion, a PE ratio of 22.90 and a beta of 0.72. The company has a 50-day simple moving average of $93.80 and a two-hundred day simple moving average of $92.78. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year 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.