Brooklyn FI LLC Takes $2.87 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Brooklyn FI LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,296 shares of the company’s stock, valued at approximately $2,871,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $1,176,338,000. Lockheed Martin Investment Management Co. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $62,801,000. LPL Financial LLC lifted 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 acquiring an additional 346,414 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 6,039.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after acquiring an additional 281,084 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $17,861,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.2 %

BATS USMV opened at $92.39 on Wednesday. The firm’s 50 day moving average is $92.03 and its 200-day moving average is $91.63. The company has a market capitalization of $24.11 billion, a PE ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $79.69 and a 12-month high of $95.12.

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.