New Century Financial Group LLC Has $1.75 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

New Century Financial Group LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 37.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,816 shares of the company’s stock after purchasing an additional 5,685 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 0.7% of New Century Financial Group LLC’s investment portfolio, making the stock its 26th largest position. New Century Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $30,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $33,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $35,000. Finally, Naples Money Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $41,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.2 %

Shares of USMV stock opened at $91.26 on Tuesday. The stock has a market cap of $26.74 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a 50 day simple moving average of $89.14 and a 200 day simple moving average of $85.12.

iShares MSCI USA Min Vol Factor ETF 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.