Fmr LLC Has $1.29 Billion Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Fmr LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,153,452 shares of the company’s stock after selling 376,266 shares during the quarter. Fmr LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,292,352,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Raymond James & Associates boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after purchasing an additional 146,632 shares during the period. PNC Financial Services Group Inc. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after acquiring an additional 91,948 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after acquiring an additional 182,050 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after acquiring an additional 31,625 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

BATS USMV opened at $94.48 on Wednesday. The stock has a market capitalization of $27.68 billion, a PE ratio of 25.30 and a beta of 0.59. The company has a 50 day moving average price of $91.74 and a two-hundred day moving average price of $88.03. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.

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.