Kelly Financial Group LLC Has $8.13 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Kelly Financial Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.1% during the 3rd quarter, Holdings Channel reports. The fund owned 85,464 shares of the company’s stock after buying an additional 6,381 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 1.2% of Kelly Financial Group LLC’s investment portfolio, making the stock its 14th biggest holding. Kelly Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock worth $1,249,883,000 after buying an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after acquiring an additional 51,463 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after acquiring an additional 81,787 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after purchasing an additional 452,184 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock valued at $206,734,000 after purchasing an additional 16,746 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $94.59 on Wednesday. The stock has a 50 day simple moving average of $94.06 and a 200 day simple moving average of $93.90. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12. The firm has a market capitalization of $24.14 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.