iShares MSCI USA Min Vol Factor ETF $USMV Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 195.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,297 shares of the company’s stock after acquiring an additional 15,420 shares during the period. Savvy Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares during the last quarter. Cetera Investment Advisers grew its holdings in iShares MSCI USA Min Vol Factor ETF by 26.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after buying an additional 445,896 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $34,671,000. Bank of New York Mellon Corp raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 22.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,207,864 shares of the company’s stock worth $113,382,000 after acquiring an additional 224,484 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after acquiring an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.9%

Shares of USMV opened at $95.19 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $96.34. The firm has a market capitalization of $24.29 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a 50-day moving average price of $94.68 and a 200 day moving average price of $94.20.

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.