First Trust Direct Indexing L.P. Purchases 3,150 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

First Trust Direct Indexing L.P. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 30.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,600 shares of the company’s stock after buying an additional 3,150 shares during the period. First Trust Direct Indexing L.P.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.1% in the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after purchasing an additional 111 shares during the period. Asset Dedication LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after buying an additional 121 shares in the last quarter. Sensible Money LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% in the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after buying an additional 121 shares in the last quarter. Sage Capital Advisors llc raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% in the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock valued at $448,000 after buying an additional 123 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 4.8% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock worth $244,000 after purchasing an additional 123 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $89.99 on Friday. The company has a 50 day simple moving average of $91.15 and a 200 day simple moving average of $86.52. The stock has a market cap of $26.37 billion, a price-to-earnings 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.

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.