Wealth Enhancement Advisory Services LLC Purchases 156,234 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,831,899 shares of the company’s stock after purchasing an additional 156,234 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 1.0% of Wealth Enhancement Advisory Services LLC’s holdings, making the stock its 15th biggest position. Wealth Enhancement Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $650,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USMV. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock worth $1,249,883,000 after purchasing an additional 191,453 shares during the period. Envestnet Asset Management Inc. increased its holdings in 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 valued at $439,962,000 after buying an additional 81,787 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after acquiring an additional 452,184 shares during the period. Commonwealth Equity Services LLC raised its position in 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 acquiring an additional 16,746 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after acquiring an additional 445,896 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $94.47 on Monday. The company has a market cap 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 firm has a fifty day moving average price of $94.31 and a 200-day moving average price of $93.98.

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.