Becker Capital Management Inc. Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Becker Capital Management Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,981 shares of the company’s stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in shares of 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 buying an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock valued at $650,670,000 after acquiring an additional 156,234 shares in the last quarter. Millburn Ridgefield LLC DE lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after acquiring an additional 190,646 shares during the period. Ameriprise Financial Inc. lifted its holdings in 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 acquiring an additional 452,184 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock worth $206,734,000 after purchasing an additional 16,746 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $97.21 on Wednesday. The company has a 50 day moving average price of $95.27 and a 200-day moving average price of $94.53. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $83.99 and a 1-year high of $98.07. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.