US Bancorp DE Has $77.34 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

US Bancorp DE lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 33.1% in the second quarter, HoldingsChannel.com reports. The firm owned 823,869 shares of the company’s stock after selling 407,760 shares during the quarter. US Bancorp DE’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $77,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock valued at $628,581,000 after purchasing an additional 51,463 shares during the period. LPL Financial LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock valued at $550,402,000 after purchasing an additional 190,680 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after buying an additional 112,814 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after buying an additional 568,565 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after buying an additional 235,117 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.0%

USMV opened at $94.86 on Friday. The company’s fifty day moving average price is $93.97 and its two-hundred day moving average price is $92.87. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $95.12. The company has a market cap of $24.21 billion, a price-to-earnings 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.