Modern Wealth Management LLC Purchases 152,590 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Modern Wealth Management LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 254.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,469 shares of the company’s stock after buying an additional 152,590 shares during the period. Modern Wealth Management LLC owned about 0.08% of iShares MSCI USA Min Vol Factor ETF worth $20,214,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after acquiring an additional 445,896 shares during the last quarter. Portfolio Design Labs LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $34,671,000. Barclays PLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 238.2% during the 3rd quarter. Barclays PLC now owns 500,271 shares of the company’s stock valued at $47,596,000 after acquiring an additional 352,366 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 22.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,207,864 shares of the company’s stock valued at $113,382,000 after acquiring an additional 224,484 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.2%

Shares of USMV stock opened at $96.65 on Friday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $98.07. The stock’s fifty day simple moving average is $95.38 and its 200 day simple moving average is $94.59. The firm has a market capitalization of $24.67 billion, a P/E 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.