Sowell Financial Services LLC Buys 125,928 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Sowell Financial Services LLC lifted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 71.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,942 shares of the company’s stock after acquiring an additional 125,928 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 0.8% of Sowell Financial Services LLC’s portfolio, making the stock its 20th largest position. Sowell Financial Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $29,421,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in USMV. Kwmg LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.5% in the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock valued at $14,991,000 after acquiring an additional 9,418 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 19.1% during the second quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock valued at $3,398,000 after acquiring an additional 5,647 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $14,804,000. Rockefeller Capital Management L.P. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 11.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 202,560 shares of the company’s stock valued at $19,073,000 after acquiring an additional 21,184 shares in the last quarter. Finally, Invariant Investment Management purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $5,077,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.0%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $102.32 on Wednesday. The firm’s 50 day simple moving average is $100.11 and its two-hundred day simple moving average is $97.40. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $102.36. The firm has a market capitalization of $26.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company 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.