Independence Bank of Kentucky Boosts Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Independence Bank of Kentucky boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 28.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,127 shares of the company’s stock after acquiring an additional 1,142 shares during the period. Independence Bank of Kentucky’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Indiana Trust & Investment Management CO raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 377.1% during the 1st quarter. Indiana Trust & Investment Management CO now owns 811 shares of the company’s stock worth $68,000 after purchasing an additional 641 shares during the last quarter. Hengehold Capital Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $201,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 31.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170,418 shares of the company’s stock valued at $264,984,000 after acquiring an additional 755,493 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $184,000. Finally, Flagstar Advisors Inc. increased its position in iShares MSCI USA Min Vol Factor ETF by 9.2% during the 1st quarter. Flagstar Advisors Inc. now owns 6,211 shares of the company’s stock worth $519,000 after purchasing an additional 524 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1 %

BATS:USMV opened at $83.96 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company’s 50-day moving average is $82.73 and its two-hundred day moving average is $81.18.

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.