Junto Capital Management LP Invests $85.11 Million in iShares MSCI USA Min Vol Factor ETF $USMV

Junto Capital Management LP purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, Holdings Channel reports. The fund purchased 894,548 shares of the company’s stock, valued at approximately $85,107,000. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.7% of Junto Capital Management LP’s portfolio, making the stock its 19th largest position.

A number of other large investors have also recently modified their holdings of USMV. Bank of America Corp DE grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.7% in the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after purchasing an additional 98,221 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after buying an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after buying an additional 156,234 shares during the period. Millburn Ridgefield LLC DE grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the 3rd quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after buying an additional 190,646 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after buying an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $95.07 on Monday. The company has a market capitalization of $24.26 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a 50-day moving average price of $95.50 and a 200 day moving average price of $94.65. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $98.07.

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.