Raymond James Financial Inc. Invests $1.18 Billion in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Raymond James Financial Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,248,544 shares of the company’s stock, valued at approximately $1,176,338,000. Raymond James Financial Inc. owned about 4.52% of iShares MSCI USA Min Vol Factor ETF as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Millburn Ridgefield Corp lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% in the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the last quarter. Darrow Company Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 4th quarter. Darrow Company Inc. now owns 154,918 shares of the company’s stock worth $13,755,000 after acquiring an additional 1,256 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $1,529,000. SpiderRock Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $629,000. Finally, Advisors Preferred LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $438,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $93.76 on Thursday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm’s 50 day moving average price is $91.44 and its 200-day moving average price is $91.48. The firm has a market cap of $23.82 billion, a P/E ratio of 24.43 and a beta of 0.79.

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.