Patriot Investment Management Group Inc. Grows Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Patriot Investment Management Group Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,431 shares of the company’s stock after purchasing an additional 347 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,613,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after buying an additional 346,414 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after buying an additional 21,739 shares in the last quarter. Cerity Partners LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after acquiring an additional 17,264 shares during the last quarter. Finally, Financial Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after acquiring an additional 16,576 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $90.95 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The business has a 50 day moving average price of $90.99 and a 200 day moving average price of $90.08. The company has a market capitalization of $26.65 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.