iShares MSCI USA Min Vol Factor ETF (BATS:USMV) is Wealth CMT’s 2nd Largest Position

Wealth CMT grew its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,762 shares of the company’s stock after purchasing an additional 17,452 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 22.2% of Wealth CMT’s investment portfolio, making the stock its 2nd largest position. Wealth CMT’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $14,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can raised its stake in iShares MSCI USA Min Vol Factor ETF by 7.8% during the 1st quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock worth $646,000 after acquiring an additional 594 shares in the last quarter. Blair William & Co. IL increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.7% in the first quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock valued at $7,417,000 after purchasing an additional 1,612 shares during the period. AJ Wealth Strategies LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 4.4% in the first quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock valued at $104,618,000 after purchasing an additional 57,434 shares during the period. Founders Financial Securities LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 27.0% in the first quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock valued at $6,887,000 after purchasing an additional 18,853 shares during the period. Finally, West Michigan Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6.1% in the first quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock valued at $975,000 after purchasing an additional 719 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV traded up $0.10 during trading on Tuesday, reaching $74.94. The company’s stock had a trading volume of 1,046,476 shares. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 20.17 and a beta of 0.75. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The business’s fifty day moving average price is $74.80 and its 200-day moving average price is $73.36.

About iShares MSCI USA Min Vol Factor ETF

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.