Optivise Advisory Services LLC Buys 2,323 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Optivise Advisory Services LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 42.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,780 shares of the company’s stock after purchasing an additional 2,323 shares during the period. Optivise Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,291 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 8.0% in the 1st quarter. DAVENPORT & Co LLC now owns 4,395 shares of the company’s stock worth $412,000 after purchasing an additional 324 shares during the period. Wayfinding Financial LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $43,000. Bank of New York Mellon Corp lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 983,380 shares of the company’s stock worth $92,103,000 after purchasing an additional 84,075 shares during the period. Finally, Compass Wealth Management LLC lifted its stake 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 worth $26,000 after purchasing an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.6%

Shares of BATS:USMV opened at $92.74 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The stock has a market capitalization of $23.67 billion, a PE ratio of 22.90 and a beta of 0.72. The firm’s 50 day moving average price is $94.21 and its 200-day moving average price is $93.35.

About iShares MSCI USA Min Vol Factor ETF

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.