Financial Services Advisory Inc Acquires Shares of 22,671 iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Services Advisory Inc acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,671 shares of the company’s stock, valued at approximately $2,070,000. iShares MSCI USA Min Vol Factor ETF makes up 0.5% of Financial Services Advisory Inc’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.1% in the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after buying an additional 111 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after acquiring an additional 121 shares during the last quarter. Sensible Money LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% in the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after acquiring an additional 121 shares during the last quarter. Sage Capital Advisors llc raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% during the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock worth $448,000 after acquiring an additional 123 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 4.8% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock worth $244,000 after purchasing an additional 123 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.9 %

Shares of USMV opened at $92.45 on Thursday. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The stock has a 50 day moving average price of $91.18 and a 200 day moving average price of $86.87.

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.