Apollon Financial LLC Purchases 130 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Apollon Financial LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,827 shares of the company’s stock after purchasing an additional 130 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 1.7% of Apollon Financial LLC’s portfolio, making the stock its 18th biggest position. Apollon Financial LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,191,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Gleason Group Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $32,000. SYM FINANCIAL Corp grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% in the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock worth $38,000 after buying an additional 340 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $41,000. Gradient Investments LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock worth $42,000 after acquiring an additional 497 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $42,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV traded up $0.56 during trading on Monday, hitting $89.45. The stock had a trading volume of 2,253,314 shares. The stock has a 50 day simple moving average of $85.22 and a two-hundred day simple moving average of $83.03. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The company has a market capitalization of $26.21 billion, a PE 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.