Independent Wealth Network Inc. Boosts Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Independent Wealth Network Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,835 shares of the company’s stock after purchasing an additional 318 shares during the period. Independent Wealth Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $28,000. Stonebridge Capital Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 180.4% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 401 shares of the company’s stock valued at $29,000 after buying an additional 258 shares in the last quarter. BNP Paribas Arbitrage SNC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $31,000. Oak Harbor Wealth Partners LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at $33,000. Finally, Summit Wealth Group LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1,394.6% during the 1st quarter. Summit Wealth Group LLC now owns 2,382,567 shares of the company’s stock valued at $33,000 after purchasing an additional 2,223,157 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV traded up $0.10 during trading hours on Tuesday, hitting $74.94. The company had a trading volume of 1,046,476 shares. The stock has a 50-day moving average price of $74.80 and a 200 day moving average price of $73.36. The company has a market capitalization of $28.75 billion, a PE ratio of 20.17 and a beta of 0.75. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45.

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.