Greenwood Gearhart Inc. Takes $469,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Greenwood Gearhart Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,589 shares of the company’s stock, valued at approximately $469,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after buying an additional 146,632 shares during the last quarter. Alaska Permanent Fund Corp lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 4.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock worth $329,959,000 after purchasing an additional 167,538 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 5.2% during the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock worth $307,185,000 after purchasing an additional 182,050 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.0% during 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 purchasing an additional 31,625 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% in the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after purchasing an additional 1,384,833 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.2 %

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $90.33 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The firm has a fifty day simple moving average of $87.48 and a 200-day simple moving average of $84.21. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.