6,914 iShares MSCI USA Min Vol Factor ETF $USMV Shares Purchased by Summit Global Investments

Summit Global Investments lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 163.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,154 shares of the company’s stock after acquiring an additional 6,914 shares during the quarter. Summit Global Investments’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of USMV. Kwmg LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.5% during the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock valued at $14,991,000 after acquiring an additional 9,418 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 19.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock valued at $3,398,000 after acquiring an additional 5,647 shares during the last quarter. Arlington Capital Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $14,804,000. Invariant Investment Management bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $5,077,000. Finally, Quantitative Investment Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $1,963,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $102.93 on Monday. The firm has a 50 day moving average price of $100.46 and a 200-day moving average price of $96.99. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $103.84. The stock has a market capitalization of $26.27 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Company 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.