40,614 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,614 shares of the company’s stock, valued at approximately $3,812,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% during the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after acquiring an additional 4,045 shares in the last quarter. Accurate Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $203,000. Symmetry Partners LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% during the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after purchasing an additional 24,219 shares during the period. Allworth Financial LP lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 30.1% in the 2nd quarter. Allworth Financial LP now owns 78,585 shares of the company’s stock worth $7,377,000 after buying an additional 18,167 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $283,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.8%

Shares of BATS:USMV opened at $93.77 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The firm has a 50-day simple moving average of $94.05 and a 200 day simple moving average of $93.74. The company has a market cap of $23.93 billion, a PE ratio of 22.90 and a beta of 0.72.

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.