AE Wealth Management LLC Has $6.78 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

AE Wealth Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,214 shares of the company’s stock after acquiring an additional 7,641 shares during the quarter. AE Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USMV. Raymond James Financial Inc. grew 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 valued at $1,249,883,000 after buying an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after acquiring an additional 156,234 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.8% in the second 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 during the period. Millburn Ridgefield LLC DE increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after acquiring an additional 190,646 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position 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 worth $271,634,000 after purchasing an additional 452,184 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.1%

BATS USMV opened at $94.97 on Friday. The company has a market cap of $24.24 billion, a P/E ratio of 22.90 and a beta of 0.72. The company has a fifty day simple moving average of $94.52 and a 200 day simple moving average of $94.06. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12.

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.