iShares MSCI USA Min Vol Factor ETF $USMV Shares Bought by Ledyard National Bank

Ledyard National Bank raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.6% in the second quarter, HoldingsChannel.com reports. The fund owned 3,561 shares of the company’s stock after buying an additional 253 shares during the quarter. Ledyard National Bank’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.7% in the second quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after acquiring an additional 110 shares during the period. Key Financial Inc boosted its stake in iShares MSCI USA Min Vol Factor ETF by 6.6% in the first quarter. Key Financial Inc now owns 1,794 shares of the company’s stock valued at $168,000 after acquiring an additional 111 shares during the period. Asset Dedication LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.3% in the first quarter. Asset Dedication LLC now owns 8,489 shares of the company’s stock valued at $795,000 after acquiring an additional 112 shares during the period. Sensible Money LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 1.3% in the 1st quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after purchasing an additional 112 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.9% during the 2nd quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock valued at $391,000 after purchasing an additional 118 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1%

BATS USMV opened at $93.20 on Friday. The company has a 50-day moving average price of $94.25 and a two-hundred day moving average price of $93.28. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. 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.