Karras Company Inc. Makes New $1.36 Million Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Karras Company Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, HoldingsChannel reports. The firm bought 14,454 shares of the company’s stock, valued at approximately $1,361,000. iShares MSCI USA Min Vol Factor ETF comprises about 1.3% of Karras Company Inc.’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USMV. Brighton Jones LLC raised 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 worth $1,002,000 after acquiring an additional 1,291 shares during the last quarter. Jane Street Group LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 366.3% during the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after acquiring an additional 27,868 shares during the last quarter. Hsbc Holdings PLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $399,000. First Trust Advisors LP raised its position in iShares MSCI USA Min Vol Factor ETF by 39.0% during the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock worth $736,000 after acquiring an additional 2,201 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in iShares MSCI USA Min Vol Factor ETF by 465.5% during the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock worth $22,976,000 after acquiring an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.9%

Shares of USMV opened at $96.88 on Friday. The stock has a market cap of $24.72 billion, a P/E ratio of 22.90 and a beta of 0.72. The company has a 50-day moving average of $94.00 and a two-hundred day moving average of $94.54. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07.

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.