Evergreen Capital Management LLC Boosts Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Evergreen Capital Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,058 shares of the company’s stock after purchasing an additional 8,013 shares during the quarter. Evergreen Capital Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,422,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock worth $1,249,883,000 after acquiring an additional 191,453 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after purchasing an additional 81,787 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after purchasing an additional 452,184 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock worth $206,734,000 after purchasing an additional 16,746 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in 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 buying an additional 445,896 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $94.47 on Friday. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. 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 50-day moving average of $94.31 and a 200 day moving average of $93.98.

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.