iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,606,337 shares of the company’s stock after purchasing an additional 10,270 shares during the period. Assetmark Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $142,627,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in USMV. PNC Financial Services Group Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after acquiring an additional 91,948 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares during the last quarter. Millburn Ridgefield Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after purchasing an additional 180,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after purchasing an additional 21,739 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after purchasing an additional 17,264 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.3 %

BATS USMV opened at $93.30 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a fifty day simple moving average of $91.37 and a two-hundred day simple moving average of $91.47. The stock has a market cap of $23.71 billion, a P/E ratio of 24.43 and a beta of 0.79.

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.