The Manufacturers Life Insurance Company Invests $7.45 Million in iShares MSCI USA Min Vol Factor ETF $USMV

The Manufacturers Life Insurance Company bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 2nd quarter, Holdings Channel.com reports. The firm bought 77,277 shares of the company’s stock, valued at approximately $7,454,000.

A number of other institutional investors have also recently added to or reduced their stakes in USMV. Hibernia Wealth Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 66.1% during the fourth quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after acquiring an additional 25,216 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 19.1% in the second quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock worth $3,398,000 after acquiring an additional 5,647 shares in the last quarter. Vise Technologies Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 51.0% in the fourth quarter. Vise Technologies Inc. now owns 50,158 shares of the company’s stock valued at $4,723,000 after purchasing an additional 16,949 shares during the last quarter. Torrey Payne Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $8,188,000. Finally, Kennedy Investment Group grew its stake in iShares MSCI USA Min Vol Factor ETF by 6.3% during the 4th quarter. Kennedy Investment Group now owns 117,219 shares of the company’s stock valued at $11,037,000 after purchasing an additional 6,942 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $99.61 on Monday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $102.21. The business has a 50 day moving average price of $99.34 and a two-hundred day moving average price of $96.52. The firm has a market cap of $25.42 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.