Park Avenue Securities LLC Raises Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Park Avenue Securities LLC boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,324 shares of the company’s stock after purchasing an additional 154,959 shares during the period. Park Avenue Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $36,839,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $27,000. Howe & Rusling Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% in the fourth quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after purchasing an additional 146 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $38,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $93.77 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $82.32 and a 12-month high of $95.12. The company has a market capitalization of $24.04 billion, a PE ratio of 24.27 and a beta of 0.72. The firm’s 50-day moving average is $91.53 and its two-hundred day moving average is $91.79.

iShares MSCI USA Min Vol Factor ETF Company 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.