SpiderRock Advisors LLC Makes New Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

SpiderRock Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,667 shares of the company’s stock, valued at approximately $220,000.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. Raymond James & Associates now owns 16,080,799 shares of the company’s stock valued at $1,254,785,000 after acquiring an additional 122,005 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in iShares MSCI USA Min Vol Factor ETF by 16.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,172,429 shares of the company’s stock worth $519,140,000 after buying an additional 1,000,764 shares during the period. Alaska Permanent Fund Corp increased its holdings in iShares MSCI USA Min Vol Factor ETF by 4.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock worth $329,959,000 after buying an additional 167,538 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 31.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,170,418 shares of the company’s stock worth $264,984,000 after buying an additional 755,493 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $216,845,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV traded down $0.15 during midday trading on Friday, hitting $83.87. The company’s stock had a trading volume of 828,367 shares. 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 firm’s 50 day moving average is $82.95 and its 200-day moving average is $81.33. The firm has a market cap of $24.57 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.