Guardian Asset Advisors LLC Has $380,000 Position in iShares MSCI USA Min Vol Factor ETF $USMV

Guardian Asset Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 36.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,051 shares of the company’s stock after buying an additional 1,080 shares during the period. Guardian Asset Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USMV. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after buying an additional 51,463 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after acquiring an additional 190,680 shares during the period. Envestnet Asset Management Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after purchasing an additional 112,814 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after purchasing an additional 568,565 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 10.7% during the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after buying an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.6%

USMV stock opened at $94.46 on Friday. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The company’s fifty day simple moving average is $94.25 and its 200 day simple moving average is $93.04.

iShares MSCI USA Min Vol Factor ETF 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.