Kwmg LLC Buys 7,258 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Kwmg LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 144,434 shares of the company’s stock after acquiring an additional 7,258 shares during the quarter. Kwmg LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $13,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of USMV. Morgan Stanley raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% during the fourth quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after buying an additional 465,870 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.9% in the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after buying an additional 251,970 shares during the period. Catalyst Capital Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 13.0% in the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after acquiring an additional 489,637 shares during the last quarter. UBS Group AG boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after acquiring an additional 80,056 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,542,763 shares of the company’s stock worth $333,587,000 after acquiring an additional 198,476 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6%

BATS USMV opened at $100.62 on Friday. The stock has a 50-day simple moving average of $96.80 and a 200 day simple moving average of $95.54. The company has a market capitalization of $25.68 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $100.72.

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.