Wealth Enhancement Advisory Services LLC Has $659.75 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Wealth Enhancement Advisory Services LLC raised its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 6,977,742 shares of the company’s stock after acquiring an additional 145,843 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 0.9% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 17th biggest position. Wealth Enhancement Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $659,752,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in USMV. Insight Inv LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $1,083,000. Win Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $899,000. Dynasty Wealth Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after buying an additional 84,969 shares during the last quarter. Becker Capital Management Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $569,000. Finally, Cynosure Group LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 16.8% during the third quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after buying an additional 6,104 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 1.0%

Shares of USMV stock opened at $92.35 on Friday. The company has a 50 day moving average of $95.46 and a 200-day moving average of $94.64. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $98.07. The firm has a market cap of $23.57 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.