Savvy Advisors Inc. Raises Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Savvy Advisors Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 195.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,297 shares of the company’s stock after acquiring an additional 15,420 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,216,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Avion Wealth increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $29,000. Manning & Napier Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $35,000. Finally, Phillips Financial Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $95.19 on Friday. The stock has a market capitalization of $24.29 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $96.34. The company has a 50 day moving average price of $94.68 and a 200 day moving average price of $94.20.

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.