Diversify Wealth Management LLC Has $10.67 Million Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Diversify Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 583.2% during the 1st quarter, Holdings Channel reports. The firm owned 113,676 shares of the company’s stock after acquiring an additional 97,037 shares during the period. Diversify Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,672,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the period. Jane Street Group LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% during the 1st quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after buying an additional 27,868 shares during the period. Hsbc Holdings PLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $399,000. First Trust Advisors LP increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 39.0% in the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after acquiring an additional 2,201 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after acquiring an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.2%

BATS USMV traded up $0.16 during trading on Friday, reaching $97.76. 1,808,736 shares of the stock traded hands, compared to its average volume of 2,501,746. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.73. The firm has a market cap of $24.95 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock’s 50-day moving average price is $95.84 and its 200 day moving average price is $95.10.

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.