Bank of New York Mellon Corp Grows Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Bank of New York Mellon Corp increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 22.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,207,864 shares of the company’s stock after purchasing an additional 224,484 shares during the period. Bank of New York Mellon Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $113,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after buying an additional 51,463 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% in the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock valued at $550,402,000 after acquiring an additional 190,680 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after acquiring an additional 81,787 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% during 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. Finally, Ameriprise Financial Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 10.7% during the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after purchasing an additional 235,117 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.9%

Shares of BATS:USMV opened at $92.95 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The company has a 50-day moving average price of $94.11 and a 200 day moving average price of $93.39. The company has a market cap of $23.72 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.