216,033 Shares in iShares MSCI USA Min Vol Factor ETF $USMV Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 216,033 shares of the company’s stock, valued at approximately $21,050,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anderson Hoagland & Co. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $26,131,000. Simplicity Wealth LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 11.1% in the 3rd quarter. Simplicity Wealth LLC now owns 19,670 shares of the company’s stock worth $1,917,000 after purchasing an additional 1,973 shares during the period. Evergreen Capital Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $8,523,000. Mascoma Wealth Management LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 3.9% during the 3rd quarter. Mascoma Wealth Management LLC now owns 82,451 shares of the company’s stock worth $8,034,000 after purchasing an additional 3,101 shares in the last quarter. Finally, Accredited Investor Services LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 6.4% during the 3rd quarter. Accredited Investor Services LLC now owns 25,181 shares of the company’s stock worth $2,454,000 after purchasing an additional 1,507 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $102.95 on Friday. The business’s 50-day moving average price is $100.22 and its two-hundred day moving average price is $97.58. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $103.58. The company has a market capitalization of $26.27 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.