Sovran Advisors LLC Takes Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Sovran Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, HoldingsChannel reports. The fund bought 7,562 shares of the company’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds also recently bought and sold shares of USMV. Valeo Financial Advisors LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 13.5% in the third quarter. Valeo Financial Advisors LLC now owns 2,789 shares of the company’s stock worth $255,000 after purchasing an additional 332 shares in the last quarter. NBC Securities Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.4% in the 3rd quarter. NBC Securities Inc. now owns 15,358 shares of the company’s stock worth $1,402,000 after buying an additional 358 shares during the period. HTLF Bank increased its stake in iShares MSCI USA Min Vol Factor ETF by 4.0% in the 3rd quarter. HTLF Bank now owns 4,257 shares of the company’s stock worth $389,000 after buying an additional 163 shares in the last quarter. Oxinas Partners Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.2% in the third quarter. Oxinas Partners Wealth Management LLC now owns 10,700 shares of the company’s stock valued at $977,000 after acquiring an additional 436 shares in the last quarter. Finally, PFG Advisors boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 30.2% in the third quarter. PFG Advisors now owns 22,934 shares of the company’s stock worth $2,094,000 after acquiring an additional 5,325 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1 %

BATS:USMV opened at $93.20 on Wednesday. The stock has a 50-day moving average price of $90.74 and a 200 day moving average price of $90.72. The stock has a market capitalization of $27.31 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.

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.