Meridian Wealth Advisors LLC Increases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Meridian Wealth Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,747 shares of the company’s stock after purchasing an additional 14,582 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.0% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 12th largest holding. Meridian Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,836,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its position in iShares MSCI USA Min Vol Factor ETF by 9.9% in the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after purchasing an additional 4,045 shares during the period. Accurate Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $203,000. Symmetry Partners LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% during the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after buying an additional 24,219 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $283,000. Finally, Allworth Financial LP lifted its position in iShares MSCI USA Min Vol Factor ETF by 30.1% during the 2nd quarter. Allworth Financial LP now owns 78,585 shares of the company’s stock worth $7,377,000 after acquiring an additional 18,167 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.7%

BATS USMV opened at $93.66 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The business has a 50 day moving average price of $94.02 and a two-hundred day moving average price of $93.55. The stock has a market cap of $23.90 billion, a PE 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.