iShares MSCI USA Min Vol Factor ETF $USMV is Sovereign Investment Advisors LLC’s 2nd Largest Position

Sovereign Investment Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 60.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 514,675 shares of the company’s stock after purchasing an additional 193,203 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 13.3% of Sovereign Investment Advisors LLC’s holdings, making the stock its 2nd largest holding. Sovereign Investment Advisors LLC owned 0.20% of iShares MSCI USA Min Vol Factor ETF worth $48,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Compass Wealth Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after buying an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $28,000. Columbia River Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $30,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $30,000. Finally, LRI Investments LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $33,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $94.85 on Friday. The company has a market capitalization of $24.20 billion, a PE ratio of 22.90 and a beta of 0.72. The firm’s 50-day moving average is $93.80 and its two-hundred day moving average is $92.78. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.