Mirae Asset Global Investments Co. Ltd. Raises Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,000 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of iShares MSCI USA Min Vol Factor ETF worth $18,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.5% in the second 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 last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after acquiring an additional 156,234 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after acquiring an additional 81,787 shares in the last quarter. Millburn Ridgefield LLC DE increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% in the 3rd 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 last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after acquiring an additional 452,184 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.1%

Shares of USMV opened at $94.97 on Friday. The company has a market capitalization of $24.24 billion, a price-to-earnings 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 $95.12. The stock has a 50 day moving average price of $94.52 and a 200 day moving average price of $94.06.

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.