Founders Financial Securities LLC Purchases 78,772 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Founders Financial Securities LLC grew its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 298.3% during the 1st quarter, HoldingsChannel reports. The firm owned 105,182 shares of the company’s stock after purchasing an additional 78,772 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 100.0% in the 4th quarter. Optiver Holding B.V. now owns 1,758 shares of the company’s stock valued at $137,000 after purchasing an additional 7,664,300 shares during the period. International Assets Investment Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $216,845,000. Mercer Global Advisors Inc. ADV lifted its stake in iShares MSCI USA Min Vol Factor ETF by 16.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,172,429 shares of the company’s stock valued at $519,140,000 after acquiring an additional 1,000,764 shares in the last quarter. Quotient Wealth Partners LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $60,025,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 31.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170,418 shares of the company’s stock worth $264,984,000 after acquiring an additional 755,493 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.1 %

Shares of USMV stock traded down $0.09 during trading on Friday, reaching $83.96. The company’s stock had a trading volume of 1,716,180 shares. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The business has a fifty day moving average price of $82.73 and a 200-day moving average price of $81.18. The company has a market cap of $24.60 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.