Rakuten Investment Management Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 18.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 133,284 shares of the company’s stock after buying an additional 20,405 shares during the quarter. Rakuten Investment Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $13,034,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Mcmorgan & Co. LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% in the 1st quarter. Mcmorgan & Co. LLC now owns 28,238 shares of the company’s stock worth $2,619,000 after purchasing an additional 108 shares during the period. Post Resch Tallon Group Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the second quarter. Post Resch Tallon Group Inc. now owns 8,038 shares of the company’s stock worth $775,000 after buying an additional 150 shares in the last quarter. Hobart Private Capital LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.6% in the second quarter. Hobart Private Capital LLC now owns 4,325 shares of the company’s stock valued at $417,000 after acquiring an additional 152 shares during the period. BostonPremier Wealth LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. BostonPremier Wealth LLC now owns 6,987 shares of the company’s stock valued at $681,000 after acquiring an additional 158 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 2.2% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 7,340 shares of the company’s stock worth $708,000 after acquiring an additional 160 shares during the period.
iShares MSCI USA Min Vol Factor ETF Trading Up 1.7%
Shares of USMV opened at $104.50 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $104.56. The company has a market cap of $26.67 billion, a PE ratio of 22.90 and a beta of 0.72. The stock has a 50-day moving average price of $100.58 and a 200-day moving average price of $97.13.
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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