MAI Capital Management Raises Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

MAI Capital Management raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,973 shares of the company’s stock after purchasing an additional 7,118 shares during the period. MAI Capital Management owned 0.20% of iShares MSCI USA Min Vol Factor ETF worth $48,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of USMV. Brighton Jones LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,291 shares during the last quarter. Jane Street Group LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after purchasing an additional 27,868 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 46.7% during the second quarter. Wealthfront Advisers LLC now owns 9,831 shares of the company’s stock worth $923,000 after purchasing an additional 3,128 shares in the last quarter. Bessemer Group Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 22.5% during the second quarter. Bessemer Group Inc. now owns 16,786 shares of the company’s stock worth $1,576,000 after purchasing an additional 3,085 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $626,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.39 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $96.65. The business has a fifty day moving average price of $94.98 and a 200-day moving average price of $94.39. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.