Piedmont Capital Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 204,778 shares of the company’s stock, valued at approximately $19,753,000. iShares MSCI USA Min Vol Factor ETF makes up about 10.1% of Piedmont Capital Management LLC’s portfolio, making the stock its 3rd largest holding.
A number of other institutional investors have also modified their holdings of USMV. Advocacy Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $9,511,000. M Holdings Securities Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 5.3% during the second quarter. M Holdings Securities Inc. now owns 48,793 shares of the company’s stock worth $4,570,000 after acquiring an additional 2,470 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $1,963,000. Compass Financial Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $84,000. Finally, Trust Co. of Vermont acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $387,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of USMV opened at $101.52 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $102.21. The company has a market capitalization of $25.91 billion, a PE ratio of 22.90 and a beta of 0.72. The stock has a fifty day moving average of $98.58 and a two-hundred day moving average of $96.24.
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.
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