Altfest L J & Co. Inc. Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Altfest L J & Co. Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,933 shares of the company’s stock, valued at approximately $5,987,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock valued at $1,249,883,000 after purchasing an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock valued at $628,581,000 after buying an additional 51,463 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after buying an additional 81,787 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after buying an additional 452,184 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock worth $206,734,000 after buying an additional 16,746 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.7%

Shares of USMV opened at $93.66 on Friday. The stock’s 50-day moving average price is $94.07 and its 200 day moving average price is $93.84. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12.

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.