iShares MSCI USA Min Vol Factor ETF $USMV Shares Bought by Summit Global Investments

Summit Global Investments raised its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 163.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,154 shares of the company’s stock after buying an additional 6,914 shares during the quarter. Summit Global Investments’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in USMV. Kwmg LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.5% during the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock valued at $14,991,000 after purchasing an additional 9,418 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 19.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock valued at $3,398,000 after purchasing an additional 5,647 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $14,804,000. The Manufacturers Life Insurance Company purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $7,454,000. Finally, HB Wealth Management LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 33.7% in the second quarter. HB Wealth Management LLC now owns 27,892 shares of the company’s stock worth $2,690,000 after buying an additional 7,025 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $102.93 on Monday. The firm’s 50 day moving average price is $100.46 and its 200-day moving average price is $96.99. The company has a market cap of $26.27 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 $91.02 and a 52-week high of $103.84.

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.