iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393,324 shares of the company’s stock after purchasing an additional 154,959 shares during the quarter. Park Avenue Securities LLC owned 0.15% of iShares MSCI USA Min Vol Factor ETF worth $36,839,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of USMV. Raymond James Financial Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $1,176,338,000. Focus Partners Wealth raised its holdings in iShares MSCI USA Min Vol Factor ETF by 261.0% during the fourth quarter. Focus Partners Wealth now owns 1,119,087 shares of the company’s stock worth $99,364,000 after purchasing an additional 809,082 shares in the last quarter. Horizon Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $39,347,000. Ball & Co Wealth Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $32,334,000. Finally, Sagespring Wealth Partners LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $32,129,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8%

BATS USMV opened at $93.77 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $82.32 and a 52-week high of $95.12. The firm has a 50-day moving average price of $91.53 and a 200 day moving average price of $91.79. The stock has a market capitalization of $24.04 billion, a P/E ratio of 24.27 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.