UMB Bank n.a. Has $3.79 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

UMB Bank n.a. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 57.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 39,863 shares of the company’s stock after buying an additional 14,468 shares during the quarter. UMB Bank n.a.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,793,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in USMV. Bank of Montreal Can raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% during the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock worth $4,207,000 after purchasing an additional 4,045 shares during the last quarter. Insight Inv LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $1,083,000. Dynasty Wealth Management LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% during the third quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after buying an additional 84,969 shares during the period. Cynosure Group LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 16.8% during the third quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock worth $4,036,000 after buying an additional 6,104 shares during the last quarter. Finally, Forefront Wealth Partners LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $4,341,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.1%

Shares of USMV opened at $94.97 on Monday. The firm’s fifty day simple moving average is $94.52 and its two-hundred day simple moving average is $94.08. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a market capitalization of $24.24 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.