NewEdge Wealth LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 21.2% in the 4th quarter, Holdings Channel reports. The firm owned 16,745 shares of the company’s stock after acquiring an additional 2,927 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lockheed Martin Investment Management Co. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $62,801,000. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $16,911,000. Millburn Ridgefield Corp increased its position in iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares during the period. Finally, World Investment Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 343.1% during the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock worth $20,534,000 after acquiring an additional 174,130 shares during the period.
iShares MSCI USA Min Vol Factor ETF Stock Performance
BATS:USMV opened at $94.60 on Friday. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The business has a fifty day moving average of $91.19 and a 200-day moving average of $91.37.
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.
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