Banco Santander S.A. Increases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Banco Santander S.A. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 94.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,696 shares of the company’s stock after acquiring an additional 78,619 shares during the quarter. Banco Santander S.A. owned about 0.06% of iShares MSCI USA Min Vol Factor ETF worth $15,178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USMV. Compass Wealth Management LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after acquiring an additional 123 shares during the last quarter. ROSS JOHNSON & Associates LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $28,000. Avion Wealth boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the last quarter. Columbia River Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $30,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.6%

Shares of BATS USMV opened at $94.51 on Monday. The firm’s 50-day moving average price is $94.27 and its 200-day moving average price is $93.18. The company has a market cap of $24.12 billion, a PE 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.

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.