Syntax Research Inc. Acquires 14,120 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Syntax Research Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 87.0% in the first quarter, Holdings Channel.com reports. The fund owned 30,354 shares of the company’s stock after acquiring an additional 14,120 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 1.8% of Syntax Research Inc.’s investment portfolio, making the stock its 16th largest position. Syntax Research Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,815,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after purchasing an additional 465,870 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after purchasing an additional 98,221 shares during the last quarter. Raymond James Financial Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 1.9% during the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock worth $1,296,877,000 after buying an additional 251,970 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after buying an additional 145,843 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 13.0% during the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock worth $393,458,000 after buying an additional 489,637 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $96.89 on Thursday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07. The stock’s 50-day moving average is $95.29 and its two-hundred day moving average is $94.92. The firm has a market cap of $24.73 billion, a P/E 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.