Hart & Patterson Financial Group LLC Buys 361 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Hart & Patterson Financial Group LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% during the fourth quarter, Holdings Channel reports. The firm owned 5,394 shares of the company’s stock after purchasing an additional 361 shares during the quarter. Hart & Patterson Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in USMV. PNC Financial Services Group Inc. lifted its holdings 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 valued at $904,426,000 after acquiring an additional 91,948 shares during the period. LPL Financial LLC lifted its stake in shares of 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 worth $489,205,000 after purchasing an additional 346,414 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after buying an additional 21,739 shares during the last quarter. Cerity Partners LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock worth $194,871,000 after acquiring an additional 17,264 shares during the period. Finally, Financial Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after acquiring an additional 16,576 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

Shares of BATS:USMV opened at $88.17 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a market cap of $25.83 billion, a PE ratio of 25.30 and a beta of 0.59. The stock has a 50 day moving average of $91.41 and a 200 day moving average of $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.