Courier Capital LLC Buys 3,223 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Courier Capital LLC boosted its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 110.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,145 shares of the company’s stock after acquiring an additional 3,223 shares during the quarter. Courier Capital LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in USMV. Carrera Capital Advisors purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $33,148,000. LPL Financial LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $18,422,000. Bank of Montreal Can boosted its stake in iShares MSCI USA Min Vol Factor ETF by 572.4% in the second quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock worth $21,142,000 after buying an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 867.8% in the second quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock worth $18,463,000 after buying an additional 197,175 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $88.17 on Tuesday. The company has a market capitalization of $25.83 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company’s 50 day moving average price is $91.41 and its two-hundred day moving average price is $89.84.

About iShares MSCI USA Min Vol Factor ETF

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.