iShares MSCI USA Min Vol Factor ETF $USMV Stock: Mullooly Asset Management Inc. Raises Stake

Mullooly Asset Management Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,505 shares of the company’s stock after buying an additional 6,587 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.4% of Mullooly Asset Management Inc.’s holdings, making the stock its 11th largest position. Mullooly Asset Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,629,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in USMV. NFSG Corp lifted its stake in iShares MSCI USA Min Vol Factor ETF by 134.6% in the third quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after buying an additional 210 shares during the last quarter. Beacon Financial Strategies CORP acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $42,000. Next Level Wealth Planning LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $71,000. MADDEN SECURITIES Corp bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $74,000. Finally, Main Street Group LTD bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $77,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.3%

USMV stock opened at $102.72 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $103.84. The firm’s 50-day simple moving average is $100.52 and its 200 day simple moving average is $97.08. The stock has a market cap of $26.21 billion, a PE 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.