Quantitative Investment Management LLC Buys Shares of 38,474 iShares MSCI USA Min Vol Factor ETF $USMV

Quantitative Investment Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,474 shares of the company’s stock, valued at approximately $1,963,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in USMV. Brighton Jones LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after purchasing an additional 1,291 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the 1st quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after acquiring an additional 27,868 shares during the period. Hsbc Holdings PLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $399,000. First Trust Advisors LP boosted its position in iShares MSCI USA Min Vol Factor ETF by 39.0% during the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock worth $736,000 after acquiring an additional 2,201 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 465.5% in the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after purchasing an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $101.52 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $102.21. The firm has a market capitalization of $25.91 billion, a PE ratio of 22.90 and a beta of 0.72. The company’s 50 day simple moving average is $98.58 and its 200 day simple moving average is $96.24.

iShares MSCI USA Min Vol Factor ETF Company 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.