NewEdge Advisors LLC Buys 88,257 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

NewEdge Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 14.3% during the second quarter, Holdings Channel reports. The fund owned 706,584 shares of the company’s stock after buying an additional 88,257 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $68,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% during the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after purchasing an additional 27,868 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $399,000. First Trust Advisors LP boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 39.0% during the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after buying an additional 2,201 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% during the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after buying an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $99.92 on Wednesday. The firm has a 50-day moving average of $99.23 and a 200-day moving average of $96.45. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $102.21. The company has a market cap of $25.50 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.