Kestra Advisory Services LLC Acquires 49,300 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Kestra Advisory Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.6% during the 1st quarter, HoldingsChannel reports. The fund owned 329,668 shares of the company’s stock after acquiring an additional 49,300 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $30,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in USMV. Money Concepts Capital Corp raised its position in iShares MSCI USA Min Vol Factor ETF by 3.9% in the 1st quarter. Money Concepts Capital Corp now owns 128,484 shares of the company’s stock worth $11,916,000 after purchasing an additional 4,865 shares during the period. Beam Wealth Advisors Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at about $1,470,000. Cvfg LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at about $257,000. Flatrock Wealth Partners LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $2,468,000. Finally, Addison Capital Co purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $1,590,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.2%

Shares of BATS USMV traded up $0.16 during midday trading on Friday, reaching $97.76. The company had a trading volume of 1,808,736 shares, compared to its average volume of 2,501,746. The stock has a market cap of $24.95 billion, a PE 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 $98.73. The firm’s fifty day moving average price is $95.84 and its 200-day moving average price is $95.10.

About iShares MSCI USA Min Vol Factor ETF

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.