iShares MSCI USA Min Vol Factor ETF $USMV Position Boosted by Syntax Research Inc.

Syntax Research Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 116.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,309 shares of the company’s stock after purchasing an additional 7,697 shares during the quarter. Syntax Research Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after buying an additional 51,463 shares in the last quarter. LPL Financial LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 3.4% during the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after acquiring an additional 190,680 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after acquiring an additional 112,814 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 17.3% during the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after acquiring an additional 568,565 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.9% during the first quarter. Catalyst Capital Advisors LLC now owns 3,755,502 shares of the company’s stock worth $351,740,000 after acquiring an additional 104,095 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.0%

BATS:USMV opened at $94.85 on Friday. The business’s 50-day moving average price is $93.80 and its 200 day moving average price is $92.78. The firm has a market cap of $24.20 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12.

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.