DAVENPORT & Co LLC Boosts Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

DAVENPORT & Co LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 117.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,560 shares of the company’s stock after buying an additional 5,165 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in USMV. Brown Advisory Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 8.9% in the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after purchasing an additional 1,387 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after buying an additional 3,352,591 shares during the last quarter. Accurate Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $203,000. Symmetry Partners LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 10.1% during the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after acquiring an additional 24,219 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.1%

USMV opened at $94.01 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 stock has a market cap of $23.99 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a fifty day moving average of $94.00 and a 200 day moving average of $92.88.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.