KWB Wealth Makes New $6.13 Million Investment in iShares MSCI USA Min Vol Factor ETF $USMV

KWB Wealth acquired a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 63,578 shares of the company’s stock, valued at approximately $6,133,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of USMV. Brighton Jones LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after buying an additional 1,291 shares during the period. Jane Street Group LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the 1st quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after acquiring an additional 27,868 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $399,000. First Trust Advisors LP boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 39.0% during the 2nd quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after acquiring an additional 2,201 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after acquiring an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.2%

Shares of BATS USMV opened at $100.83 on Tuesday. The business has a 50-day moving average of $96.88 and a 200-day moving average of $95.60. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $101.07.

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.