Financial Advocates Investment Management Has $7.97 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Advocates Investment Management increased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 43.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,309 shares of the company’s stock after buying an additional 26,322 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 13.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,892 shares of the company’s stock valued at $355,000 after purchasing an additional 449 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $298,000. First Trust Direct Indexing L.P. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 30.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,600 shares of the company’s stock worth $1,242,000 after acquiring an additional 3,150 shares during the period. Valmark Advisers Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 3rd quarter. Valmark Advisers Inc. now owns 219,949 shares of the company’s stock worth $20,084,000 after acquiring an additional 1,484 shares during the last quarter. Finally, MONECO Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. MONECO Advisors LLC now owns 105,859 shares of the company’s stock valued at $9,666,000 after acquiring an additional 712 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.5 %

Shares of BATS USMV opened at $90.64 on Thursday. The firm has a market cap of $26.56 billion, a P/E ratio of 25.30 and a beta of 0.59. The business’s 50 day moving average is $91.14 and its 200-day moving average is $86.50. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45.

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.