Horan Securities Inc. Raises Position in iShares MSCI USA Min Vol Factor ETF $USMV

Horan Securities Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,301 shares of the company’s stock after buying an additional 1,162 shares during the quarter. Horan Securities Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in USMV. Stone House Investment Management LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 32.9% in the second quarter. Stone House Investment Management LLC now owns 3,948 shares of the company’s stock worth $371,000 after purchasing an additional 978 shares during the last quarter. Able Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.7% in the 2nd quarter. Able Wealth Management LLC now owns 71,516 shares of the company’s stock worth $6,713,000 after buying an additional 1,205 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $84,000. First Horizon Advisors Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 18.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,154 shares of the company’s stock valued at $390,000 after acquiring an additional 655 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 12,658 shares of the company’s stock valued at $1,188,000 after acquiring an additional 839 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.8%

USMV opened at $92.92 on Thursday. The firm has a 50 day moving average price of $94.17 and a 200-day moving average price of $93.36. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The stock has a market capitalization of $23.71 billion, a price-to-earnings 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.