iShares MSCI USA Min Vol Factor ETF $USMV Shares Acquired by United Advisor Group LLC

United Advisor Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 122.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,493 shares of the company’s stock after purchasing an additional 4,680 shares during the period. United Advisor Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $797,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of USMV. ROSS JOHNSON & Associates LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $28,000. Avion Wealth increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $37,000. Finally, Phillips Financial Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.7%

Shares of USMV opened at $93.67 on Wednesday. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. 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 50 day moving average price of $94.09 and a 200 day moving average price of $93.55.

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.