StoneX Group Inc. Makes New $1.08 Million Investment in iShares MSCI USA Min Vol Factor ETF $USMV

StoneX Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the 3rd quarter, HoldingsChannel reports. The firm bought 10,930 shares of the company’s stock, valued at approximately $1,085,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kwmg LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.5% during the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock valued at $14,991,000 after purchasing an additional 9,418 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 19.1% in the second quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock worth $3,398,000 after purchasing an additional 5,647 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $14,804,000. Retirement Planning Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $1,697,000. Finally, Quantitative Investment Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $1,963,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $102.96 on Tuesday. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of 23.08 and a beta of 0.63. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $104.75. The stock’s 50 day moving average price is $100.59 and its two-hundred day moving average price is $97.24.

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.