iShares MSCI USA Min Vol Factor ETF $USMV Stock: Provenance Wealth Advisors LLC Boosts Holdings

Provenance Wealth Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 25,280.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,944 shares of the company’s stock after buying an additional 12,893 shares during the period. Provenance Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMV. Apollon Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1,040.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 989,315 shares of the company’s stock worth $96,399,000 after purchasing an additional 902,603 shares during the period. Geneos Wealth Management Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 99.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock worth $106,053,000 after buying an additional 569,762 shares during the period. Anderson Hoagland & Co. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $26,131,000. Citizens Financial Group Inc. RI acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $21,050,000. Finally, Piedmont Capital Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $19,753,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.7%

Shares of USMV opened at $104.50 on Thursday. The stock has a market capitalization of $26.67 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm’s fifty day simple moving average is $100.58 and its two-hundred day simple moving average is $97.13. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $104.56.

iShares MSCI USA Min Vol Factor ETF Company 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.