Modern Wealth Management LLC Raises Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Modern Wealth Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 58,415 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hirtle Callaghan & Co LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $2,321,000. LPL Financial LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after purchasing an additional 328,291 shares during the period. Mosley Wealth Management lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. Mosley Wealth Management now owns 12,644 shares of the company’s stock valued at $1,157,000 after purchasing an additional 728 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $276,000. Finally, Quantbot Technologies LP purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $531,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.0 %

BATS USMV opened at $93.08 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $79.69 and a 52 week high of $95.12. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The company has a fifty day moving average of $92.36 and a two-hundred day moving average of $91.68.

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.