Prime Capital Investment Advisors LLC Increases Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Prime Capital Investment Advisors LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,519 shares of the company’s stock after buying an additional 2,814 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USMV. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $12,199,000. Apollon Financial LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.3% during the 3rd quarter. Apollon Financial LLC now owns 62,021 shares of the company’s stock valued at $5,663,000 after buying an additional 194 shares in the last quarter. Ashton Thomas Securities LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 173.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 4,652 shares of the company’s stock worth $425,000 after acquiring an additional 2,949 shares during the last quarter. 1900 Wealth Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 21.4% during the 3rd quarter. 1900 Wealth Management LLC now owns 108,000 shares of the company’s stock worth $9,027,000 after acquiring an additional 19,026 shares in the last quarter. Finally, Tyler Stone Wealth Management boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 93.8% during the 3rd quarter. Tyler Stone Wealth Management now owns 107,602 shares of the company’s stock valued at $9,825,000 after acquiring an additional 52,084 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $93.12 on Thursday. The firm has a fifty day moving average price of $91.35 and a 200 day moving average price of $87.25. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The firm has a market cap of $27.28 billion, a PE 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.