Sowell Financial Services LLC Buys 125,928 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Sowell Financial Services LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 71.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,942 shares of the company’s stock after acquiring an additional 125,928 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 0.8% of Sowell Financial Services LLC’s holdings, making the stock its 20th biggest holding. Sowell Financial Services LLC owned about 0.12% of iShares MSCI USA Min Vol Factor ETF worth $29,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. QP Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 26.8% in the 3rd quarter. QP Wealth Management LLC now owns 16,588 shares of the company’s stock worth $1,616,000 after purchasing an additional 3,507 shares during the period. Wealth Management Resources Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $12,961,000. Commonwealth Financial Services LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $246,000. Vision Capital Management Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $283,000. Finally, Retirement Planning Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $1,697,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.0%

USMV stock opened at $102.32 on Wednesday. The firm has a market cap of $26.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The company’s fifty day simple moving average is $100.11 and its 200 day simple moving average is $97.40. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $102.36.

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.