Envestnet Asset Management Inc. Increases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Envestnet Asset Management Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,686,964 shares of the company’s stock after purchasing an additional 81,787 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $439,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Brown Advisory Inc. raised its position in shares of 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 purchasing an additional 1,387 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $203,000. Symmetry Partners LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% in the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after purchasing an additional 24,219 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $283,000. Finally, Townsquare Capital LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.3% in the 1st quarter. Townsquare Capital LLC now owns 53,888 shares of the company’s stock worth $5,047,000 after purchasing an additional 3,666 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $94.51 on Monday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The stock has a 50-day moving average price of $94.27 and a 200-day moving average price of $93.18. The firm has a market cap of $24.12 billion, a PE ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF 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.