Delap Wealth Advisory LLC Purchases New Position in iShares MSCI USA Min Vol Factor ETF $USMV

Delap Wealth Advisory LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,817 shares of the company’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also recently modified their holdings of USMV. Brown Advisory Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 8.9% in the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after acquiring an additional 1,387 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after acquiring an additional 3,352,591 shares in the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $203,000. Symmetry Partners LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% during the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after purchasing an additional 24,219 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.9%

USMV stock opened at $94.71 on Wednesday. The stock has a market capitalization of $24.17 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a 50-day simple moving average of $94.06 and a 200-day simple moving average of $92.90. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12.

iShares MSCI USA Min Vol Factor ETF Company 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.