Founders Financial Securities LLC Acquires 6,603 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Founders Financial Securities LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,403 shares of the company’s stock after acquiring an additional 6,603 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 1.1% of Founders Financial Securities LLC’s portfolio, making the stock its 19th biggest holding. Founders Financial Securities LLC owned approximately 0.07% of iShares MSCI USA Min Vol Factor ETF worth $16,498,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in USMV. Bank of Montreal Can increased its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% in the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after acquiring an additional 4,045 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $203,000. Symmetry Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.1% in the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after buying an additional 24,219 shares in the last quarter. Allworth Financial LP boosted its stake in iShares MSCI USA Min Vol Factor ETF by 30.1% during the second quarter. Allworth Financial LP now owns 78,585 shares of the company’s stock valued at $7,377,000 after buying an additional 18,167 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $283,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $94.74 on Wednesday. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The business’s 50 day simple moving average is $94.01 and its 200-day simple moving average is $93.76.

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.