Independent Financial Group LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Independent Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 57,944 shares of the company’s stock, valued at approximately $5,374,000.

A number of other hedge funds have also made changes to their positions in USMV. Brighton Jones LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 12.9% during the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,291 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after purchasing an additional 27,868 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $399,000. First Trust Advisors LP lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 39.0% in the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% in the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after purchasing an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $96.60 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $98.73. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm has a 50 day simple moving average of $96.10 and a 200-day simple moving average of $95.16.

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.