iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 837.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,185 shares of the company’s stock after purchasing an additional 169,014 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $17,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of USMV. Headlands Technologies LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $30,000. Gleason Group Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $35,000. Finally, Naples Money Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $90.67 on Friday. The firm’s 50 day moving average price is $89.47 and its 200-day moving average price is $85.26. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a market cap of $26.57 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.