Bank of America Corp DE Acquires 98,221 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Bank of America Corp DE boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,794,595 shares of the company’s stock after buying an additional 98,221 shares during the period. Bank of America Corp DE owned approximately 5.41% of iShares MSCI USA Min Vol Factor ETF worth $1,312,418,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $29,000. Manning & Napier Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $35,000. Steigerwald Gordon & Koch Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $48,000. Finally, Howe & Rusling Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 141.8% in the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $95.07 on Monday. The business has a 50-day simple moving average of $95.50 and a two-hundred day simple moving average of $94.65. The company has a market capitalization of $24.26 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week 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.