NewEdge Advisors LLC Increases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

NewEdge Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,823 shares of the company’s stock after purchasing an additional 51,682 shares during the quarter. NewEdge Advisors LLC owned about 0.20% of iShares MSCI USA Min Vol Factor ETF worth $48,406,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after buying an additional 3,352,591 shares during the last quarter. LPL Financial LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% in the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after buying an additional 190,680 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after buying an additional 112,814 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after buying an additional 568,565 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 3,755,502 shares of the company’s stock worth $351,740,000 after buying an additional 104,095 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.2%

iShares MSCI USA Min Vol Factor ETF stock opened at $94.18 on Friday. The company’s 50-day moving average price is $93.50 and its 200-day moving average price is $92.65. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company has a market cap of $24.03 billion, a PE ratio of 22.90 and a beta of 0.72.

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.