Park Avenue Securities LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 193,664 shares of the company’s stock, valued at approximately $18,871,000.
A number of other institutional investors also recently made changes to their positions in the stock. Kwmg LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.5% in the third quarter. Kwmg LLC now owns 153,852 shares of the company’s stock valued at $14,991,000 after purchasing an additional 9,418 shares during the period. TD Waterhouse Canada Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 19.1% in the second quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock valued at $3,398,000 after purchasing an additional 5,647 shares during the last quarter. Arlington Capital Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $14,804,000. Invariant Investment Management purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $5,077,000. Finally, HB Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 33.7% during the second quarter. HB Wealth Management LLC now owns 27,892 shares of the company’s stock worth $2,690,000 after buying an additional 7,025 shares during the period.
iShares MSCI USA Min Vol Factor ETF Price Performance
USMV opened at $103.42 on Tuesday. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50-day moving average of $100.23 and a two-hundred day moving average of $96.78. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $103.58.
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.
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