iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Bought by Skyline Advisors Inc.

Skyline Advisors Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,682 shares of the company’s stock after purchasing an additional 389 shares during the quarter. Skyline Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $393,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of USMV. Gleason Group Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $32,000. Hantz Financial Services Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $33,000. SYM FINANCIAL Corp boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 232.9% during the 4th quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock valued at $38,000 after acquiring an additional 340 shares during the last quarter. Naples Money Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $41,000. Finally, Gradient Investments LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the second quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after acquiring an additional 497 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded up $0.63 during mid-day trading on Friday, reaching $91.32. 2,171,271 shares of the company’s stock were exchanged. The company’s 50-day moving average is $86.58 and its 200-day moving average is $83.68. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.