Bank of Montreal Can Raises Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Bank of Montreal Can increased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 572.4% during the second quarter, Holdings Channel.com reports. The firm owned 250,380 shares of the company’s stock after purchasing an additional 213,145 shares during the quarter. Bank of Montreal Can’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $21,142,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 100.0% during the 4th quarter. Optiver Holding B.V. now owns 1,758 shares of the company’s stock valued at $137,000 after buying an additional 7,664,300 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% in the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after purchasing an additional 1,384,833 shares during the period. Dynasty Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth $83,046,000. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 31.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170,418 shares of the company’s stock valued at $264,984,000 after purchasing an additional 755,493 shares during the period. Finally, Symmetry Partners LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 75.6% during the 2nd quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock valued at $64,585,000 after buying an additional 331,096 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $91.07 on Friday. The company has a fifty day moving average of $88.93 and a 200 day moving average of $84.96. The company has a market capitalization of $26.68 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45.

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.