Arrowroot Family Office LLC Buys New Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Arrowroot Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,225 shares of the company’s stock, valued at approximately $960,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Claro Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.1% in the second quarter. Claro Advisors LLC now owns 14,978 shares of the company’s stock valued at $1,406,000 after purchasing an additional 450 shares in the last quarter. Optivise Advisory Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 42.6% in the second quarter. Optivise Advisory Services LLC now owns 7,780 shares of the company’s stock valued at $730,000 after purchasing an additional 2,323 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 1,207,864 shares of the company’s stock valued at $113,382,000 after purchasing an additional 224,484 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% in the second quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after purchasing an additional 4,045 shares in the last quarter. Finally, Snider Financial Group boosted its stake in iShares MSCI USA Min Vol Factor ETF by 4.7% during the second quarter. Snider Financial Group now owns 10,164 shares of the company’s stock worth $954,000 after buying an additional 459 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.7%

BATS USMV opened at $92.81 on Wednesday. The company has a fifty day moving average of $94.19 and a two-hundred day moving average of $93.37. The firm has a market capitalization of $23.69 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12.

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.