Duncan Williams Asset Management LLC Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Duncan Williams Asset Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 2nd quarter, Holdings Channel reports. The fund bought 2,695 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 8.9% in the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock worth $1,588,000 after acquiring an additional 1,387 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 102.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after purchasing an additional 3,352,591 shares during the last quarter. Accurate Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $203,000. Symmetry Partners LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 10.1% during the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after purchasing an additional 24,219 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%

Shares of BATS:USMV opened at $95.14 on Tuesday. The firm has a fifty day simple moving average of $93.85 and a two-hundred day simple moving average of $92.82. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The stock has a market capitalization of $24.28 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.