Mullooly Asset Management Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 16.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 47,505 shares of the company’s stock after purchasing an additional 6,587 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 1.4% of Mullooly Asset Management Inc.’s portfolio, making the stock its 11th biggest holding. 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.
Other large investors have also recently added to or reduced their stakes in the company. NFSG Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 134.6% during the 3rd quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares in the last quarter. Beacon Financial Strategies CORP acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $42,000. Next Level Wealth Planning LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $71,000. MADDEN SECURITIES Corp bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $74,000. Finally, Main Street Group LTD bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth $77,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
BATS:USMV opened at $102.72 on Wednesday. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $103.84. The business has a fifty day moving average of $100.52 and a 200-day moving average of $97.08.
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.
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