iShares MSCI USA Min Vol Factor ETF $USMV Shares Bought by Citigroup Inc.

Citigroup Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,960 shares of the company’s stock after purchasing an additional 120,580 shares during the quarter. Citigroup Inc. owned 0.12% of iShares MSCI USA Min Vol Factor ETF worth $28,919,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USMV. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $29,000. Manning & Napier Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $30,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $35,000. Howe & Rusling Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% during the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $48,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.0%

BATS:USMV opened at $96.41 on Thursday. The stock has a fifty day simple moving average of $95.03 and a 200 day simple moving average of $94.40. The firm has a market capitalization of $24.60 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 $96.65.

iShares MSCI USA Min Vol Factor ETF Company 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.