LPL Financial LLC Purchases 328,291 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

LPL Financial LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.1% during the fourth quarter, HoldingsChannel reports. The fund owned 5,685,914 shares of the company’s stock after acquiring an additional 328,291 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $504,852,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $27,000. Stonebridge Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $28,000. AlphaMark Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $30,000. Finally, Sound Income Strategies LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.1 %

Shares of USMV opened at $92.29 on Friday. The firm has a market capitalization of $24.09 billion, a P/E 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. The firm has a fifty day moving average price of $92.25 and a 200-day moving average price of $91.66.

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.