Investment Partners Asset Management Inc. Increases Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Investment Partners Asset Management Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,309 shares of the company’s stock after acquiring an additional 137 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $827,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USMV. PNC Financial Services Group Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after buying an additional 91,948 shares in the last quarter. LPL Financial LLC grew its holdings in 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 acquiring an additional 346,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 purchasing an additional 21,739 shares during the last quarter. Cerity Partners LLC increased its position in shares of 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 worth $194,871,000 after purchasing an additional 17,264 shares during the last quarter. Finally, Financial Advisors LLC raised its stake in shares of 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 purchasing an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $92.88 on Thursday. The stock has a market capitalization of $27.21 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company’s 50-day simple moving average is $90.73 and its 200-day simple moving average is $90.77.

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.