Investment Partners LTD. Has $3.36 Million Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Investment Partners LTD. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,009 shares of the company’s stock after buying an additional 164 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 1.7% of Investment Partners LTD.’s investment portfolio, making the stock its 16th biggest holding. Investment Partners LTD.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,356,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of USMV. FMR LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% in the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after purchasing an additional 9,059,409 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $259,275,000. Envestnet Portfolio Solutions Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $246,963,000. International Assets Investment Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at $216,845,000. Finally, PNC Financial Services Group Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 54.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock valued at $383,689,000 after acquiring an additional 1,867,739 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.4 %

BATS:USMV traded down $0.29 during trading hours on Friday, hitting $80.93. 2,421,659 shares of the company traded hands. The firm’s 50-day simple moving average is $81.80 and its 200-day simple moving average is $78.41. 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 has a market cap of $23.66 billion, a PE ratio of 25.31 and a beta of 0.59.

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.