Klingman & Associates LLC Lowers Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Klingman & Associates LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,660 shares of the company’s stock after selling 3,313 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 1.9% of Klingman & Associates LLC’s investment portfolio, making the stock its 12th biggest holding. Klingman & Associates LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $35,169,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after purchasing an additional 51,463 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after purchasing an additional 190,680 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after purchasing an additional 112,814 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after purchasing an additional 568,565 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after purchasing an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.8%

USMV opened at $94.64 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company has a 50-day moving average price of $94.17 and a 200 day moving average price of $92.95. The company has a market cap of $24.15 billion, a PE 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.