Summit Global Investments Invests $1.70 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Summit Global Investments bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,328 shares of the company’s stock, valued at approximately $1,700,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the 4th 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 last quarter. Jane Street Group LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after purchasing an additional 27,868 shares during the last quarter. Hsbc Holdings PLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $399,000. First Trust Advisors LP raised its stake in iShares MSCI USA Min Vol Factor ETF by 39.0% during the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in iShares MSCI USA Min Vol Factor ETF by 465.5% during the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after purchasing an additional 201,483 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.1%

USMV stock opened at $96.50 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.73. The company has a fifty day simple moving average of $96.15 and a two-hundred day simple moving average of $95.18. The firm has a market capitalization of $24.63 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.