Renaissance Technologies LLC Invests $1.37 Million in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Renaissance Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 16,300 shares of the company’s stock, valued at approximately $1,369,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $30,000. Gleason Group Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $32,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.5 %

USMV opened at $91.10 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The business’s 50 day moving average is $89.56 and its two-hundred day moving average is $85.32. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.