iShares MSCI USA Min Vol Factor ETF $USMV Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,395 shares of the company’s stock after purchasing an additional 695 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after buying an additional 123 shares during the period. ROSS JOHNSON & Associates LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $28,000. Avion Wealth lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the period. Columbia River Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.1%

Shares of USMV stock opened at $93.20 on Friday. The stock has a market cap of $23.78 billion, a PE ratio of 22.90 and a beta of 0.72. The business has a 50-day simple moving average of $94.25 and a 200-day simple moving average of $93.28. 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.