Lockheed Martin Investment Management Co. Invests $62.80 Million in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Lockheed Martin Investment Management Co. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 707,300 shares of the company’s stock, valued at approximately $62,801,000. iShares MSCI USA Min Vol Factor ETF comprises 2.5% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 8th largest position. Lockheed Martin Investment Management Co. owned approximately 0.24% of iShares MSCI USA Min Vol Factor ETF at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in USMV. SpiderRock Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $629,000. EdgeRock Capital LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 5.3% during the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $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% in the third 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. Bell Investment Advisors Inc boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 42.2% in the third quarter. Bell Investment Advisors Inc now owns 38,509 shares of the company’s stock worth $3,516,000 after buying an additional 11,432 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 149.9% during the third quarter. Quantinno Capital Management LP now owns 6,366 shares of the company’s stock valued at $581,000 after buying an additional 3,819 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.2 %

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $92.39 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company has a market cap of $27.07 billion, a P/E ratio of 25.30 and a beta of 0.59. The stock has a 50-day moving average price of $90.90 and a 200 day moving average price of $90.46.

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.