iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 459,752 shares of the company’s stock after purchasing an additional 35,690 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 3.1% of Fragasso Financial Advisors Inc’s holdings, making the stock its 9th largest holding. Fragasso Financial Advisors Inc owned 0.16% of iShares MSCI USA Min Vol Factor ETF worth $40,821,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SpiderRock Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $629,000. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $30,000. EdgeRock Capital LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the third quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after purchasing an additional 3,371 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 7.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after purchasing an additional 43,846 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 232,184 shares of the company’s stock worth $19,494,000 after purchasing an additional 1,785 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock traded down $1.32 during mid-day trading on Monday, hitting $87.68. 1,504,203 shares of the company were exchanged. The firm has a market cap of $25.69 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The firm’s 50 day simple moving average is $91.46 and its 200 day simple moving average is $89.81.

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.