Founders Financial Securities LLC Purchases 152,509 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Founders Financial Securities LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 152,509 shares of the company’s stock, valued at approximately $14,860,000. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.7% of Founders Financial Securities LLC’s holdings, making the stock its 26th largest holding.

Several other hedge funds have also recently modified their holdings of USMV. Apollon Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1,040.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 989,315 shares of the company’s stock valued at $96,399,000 after acquiring an additional 902,603 shares during the period. Geneos Wealth Management Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 99.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after purchasing an additional 569,762 shares during the period. Anderson Hoagland & Co. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $26,131,000. Citizens Financial Group Inc. RI purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $21,050,000. Finally, Piedmont Capital Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $19,753,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $103.13 on Friday. The firm has a fifty day moving average price of $100.41 and a 200-day moving average price of $96.95. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $103.58. The company has a market cap of $26.32 billion, a price-to-earnings 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.