Arrowroot Family Office LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Arrowroot Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the second quarter, Holdings Channel.com reports. The institutional investor bought 10,225 shares of the company’s stock, valued at approximately $960,000.

A number of other large investors have also added to or reduced their stakes in the company. Claro Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 3.1% in the second quarter. Claro Advisors LLC now owns 14,978 shares of the company’s stock worth $1,406,000 after purchasing an additional 450 shares in the last quarter. Optivise Advisory Services LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 42.6% in the second quarter. Optivise Advisory Services LLC now owns 7,780 shares of the company’s stock worth $730,000 after purchasing an additional 2,323 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares MSCI USA Min Vol Factor ETF by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 1,207,864 shares of the company’s stock worth $113,382,000 after purchasing an additional 224,484 shares in the last quarter. Bank of Montreal Can raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% in the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock worth $4,207,000 after purchasing an additional 4,045 shares in the last quarter. Finally, Snider Financial Group raised its holdings in iShares MSCI USA Min Vol Factor ETF by 4.7% in the second quarter. Snider Financial Group now owns 10,164 shares of the company’s stock worth $954,000 after purchasing an additional 459 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $92.81 on Wednesday. The company has a market capitalization of $23.69 billion, a PE ratio of 22.90 and a beta of 0.72. The company has a 50-day simple moving average of $94.19 and a two-hundred day simple moving average of $93.37. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12.

iShares MSCI USA Min Vol Factor ETF 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.