Prostatis Group LLC Raises Position in iShares MSCI USA Min Vol Factor ETF $USMV

Prostatis Group LLC raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,486 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Prostatis Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% during the first quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock valued at $1,588,000 after acquiring an additional 1,387 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after acquiring an additional 3,352,591 shares during the last quarter. Accurate Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $203,000. Symmetry Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% during the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after acquiring an additional 24,219 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $283,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.1%

Shares of USMV opened at $94.01 on Friday. The company has a market capitalization of $23.99 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock has a 50 day moving average of $94.00 and a 200 day moving average of $92.88. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.