Envestnet Portfolio Solutions Inc. Buys 13,912 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 278,750 shares of the company’s stock after purchasing an additional 13,912 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.11% of iShares MSCI USA Min Vol Factor ETF worth $26,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in USMV. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after purchasing an additional 3,352,591 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $130,668,000. JPMorgan Chase & Co. raised its stake in iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after acquiring an additional 568,565 shares during the period. Truist Financial Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 147.7% in the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after acquiring an additional 436,281 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in iShares MSCI USA Min Vol Factor ETF by 400.2% in the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after acquiring an additional 430,843 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.1%

USMV opened at $94.01 on Monday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The stock’s fifty day simple moving average is $94.00 and its 200 day simple moving average is $92.87. The stock has a market cap of $23.99 billion, a PE ratio of 22.90 and a beta of 0.72.

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.