Kraft Davis & Associates LLC Invests $205,000 in iShares MSCI USA Min Vol Factor ETF $USMV

Kraft Davis & Associates LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,190 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in 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 acquiring an additional 51,463 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% in the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after purchasing an additional 190,680 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% in the first 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 during the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $360,219,000 after acquiring an additional 568,565 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 10.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after acquiring an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $93.30 on Friday. The stock has a market capitalization of $23.81 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The business’s 50-day moving average is $94.10 and its 200 day moving average is $92.90.

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.