Mechanics Bank Trust Department Purchases New Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Mechanics Bank Trust Department acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the third quarter, HoldingsChannel reports. The firm acquired 24,178 shares of the company’s stock, valued at approximately $2,356,000.

A number of other institutional investors also recently made changes to their positions in USMV. Catalyst Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after purchasing an additional 489,637 shares during the last quarter. Cetera Investment Advisers lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.9% in the first quarter. Cetera Investment Advisers now owns 2,162,456 shares of the company’s stock worth $200,546,000 after purchasing an additional 39,289 shares during the last quarter. Sei Investments Co. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.9% in the first quarter. Sei Investments Co. now owns 1,560,042 shares of the company’s stock worth $144,677,000 after purchasing an additional 28,733 shares during the last quarter. Focus Partners Wealth boosted its position in iShares MSCI USA Min Vol Factor ETF by 9.0% during the fourth quarter. Focus Partners Wealth now owns 1,225,619 shares of the company’s stock valued at $115,410,000 after buying an additional 100,701 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 99.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after buying an additional 569,762 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1%

Shares of BATS:USMV traded down $0.08 on Tuesday, reaching $100.65. 2,507,414 shares of the company traded hands, compared to its average volume of 2,291,416. The stock has a market capitalization of $25.69 billion, a P/E ratio of 22.90 and a beta of 0.72. The business’s 50-day simple moving average is $99.99 and its 200 day simple moving average is $97.02. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $102.21.

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.