NewEdge Advisors LLC Has $68.15 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

NewEdge Advisors LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 14.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,584 shares of the company’s stock after buying an additional 88,257 shares during the quarter. NewEdge Advisors LLC owned approximately 0.28% of iShares MSCI USA Min Vol Factor ETF worth $68,151,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in USMV. WealthPLAN Partners LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.6% during the fourth quarter. WealthPLAN Partners LLC now owns 4,160 shares of the company’s stock valued at $392,000 after acquiring an additional 105 shares during the last quarter. Delta Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% in the first quarter. Delta Wealth Advisors LLC now owns 36,699 shares of the company’s stock worth $3,403,000 after purchasing an additional 108 shares during the last quarter. Mcmorgan & Co. LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the first quarter. Mcmorgan & Co. LLC now owns 28,238 shares of the company’s stock worth $2,619,000 after purchasing an additional 108 shares during the last quarter. KW Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.8% in the fourth quarter. KW Wealth Management LLC now owns 13,553 shares of the company’s stock valued at $1,276,000 after purchasing an additional 109 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.3% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 36,125 shares of the company’s stock valued at $3,402,000 after purchasing an additional 118 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $99.92 on Wednesday. The stock’s 50 day moving average is $99.23 and its 200 day moving average is $96.45. The firm has a market cap of $25.50 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $102.21.

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.