Diversify Advisory Services LLC Grows Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Diversify Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,492 shares of the company’s stock after purchasing an additional 8,249 shares during the period. Diversify Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock valued at $628,581,000 after buying an additional 51,463 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after acquiring an additional 81,787 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock valued at $228,646,000 after purchasing an additional 235,117 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock valued at $206,734,000 after purchasing an additional 16,746 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after purchasing an additional 445,896 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $94.62 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The company has a market cap of $24.15 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average price is $94.10 and its 200-day moving average price is $93.70.

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.