EverSource Wealth Advisors LLC Grows Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

EverSource Wealth Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 25.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,364 shares of the company’s stock after buying an additional 281 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $1,176,338,000. PNC Financial Services Group Inc. boosted its position 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 worth $904,426,000 after purchasing an additional 91,948 shares during the last quarter. LPL Financial LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares during the period. Millburn Ridgefield Corp increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after purchasing an additional 180,849 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after purchasing an additional 21,739 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $93.26 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $79.69 and a fifty-two week high of $95.12. The firm has a 50-day moving average of $91.95 and a 200 day moving average of $91.62. The firm has a market cap of $24.34 billion, a P/E ratio of 24.03 and a beta of 0.77.

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.