Wealth Enhancement Advisory Services LLC Grows Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 31.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,170,418 shares of the company’s stock after acquiring an additional 755,493 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 0.7% of Wealth Enhancement Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest holding. Wealth Enhancement Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $264,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USMV. Trexquant Investment LP boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 27.4% in the third quarter. Trexquant Investment LP now owns 24,565 shares of the company’s stock valued at $1,778,000 after acquiring an additional 5,285 shares in the last quarter. Private Advisory Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $5,055,000. Tower Research Capital LLC TRC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 157.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 190,678 shares of the company’s stock worth $13,801,000 after buying an additional 116,656 shares in the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $404,000. Finally, Ancora Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.8% during the third quarter. Ancora Advisors LLC now owns 138,773 shares of the company’s stock worth $10,044,000 after acquiring an additional 2,482 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock traded up $0.17 during midday trading on Thursday, reaching $84.04. The company’s stock had a trading volume of 863,618 shares. The firm has a market capitalization of $24.62 billion, a PE 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. The stock’s 50 day simple moving average is $82.58 and its 200 day simple moving average is $81.09.

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.