First Business Financial Services Inc. Takes $47.24 Million Position in iShares Edge MSCI Min Vol USA ETF (BATS:USMV)

First Business Financial Services Inc. acquired a new stake in iShares Edge MSCI Min Vol USA ETF (BATS:USMV) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 736,940 shares of the company’s stock, valued at approximately $47,238,000. iShares Edge MSCI Min Vol USA ETF accounts for 8.1% of First Business Financial Services Inc.’s portfolio, making the stock its 4th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in USMV. Capital Asset Advisory Services LLC bought a new stake in iShares Edge MSCI Min Vol USA ETF during the second quarter valued at approximately $6,206,000. Financial Sense Advisors Inc. purchased a new position in shares of iShares Edge MSCI Min Vol USA ETF during the second quarter worth approximately $1,366,000. Clark Capital Management Group Inc. raised its stake in shares of iShares Edge MSCI Min Vol USA ETF by 7.0% during the second quarter. Clark Capital Management Group Inc. now owns 1,108,747 shares of the company’s stock worth $68,443,000 after acquiring an additional 72,298 shares in the last quarter. Essex Financial Services Inc. raised its stake in shares of iShares Edge MSCI Min Vol USA ETF by 132.9% during the second quarter. Essex Financial Services Inc. now owns 15,965 shares of the company’s stock worth $985,000 after acquiring an additional 9,111 shares in the last quarter. Finally, Legacy Capital Partners Inc. raised its stake in shares of iShares Edge MSCI Min Vol USA ETF by 7.0% during the second quarter. Legacy Capital Partners Inc. now owns 19,857 shares of the company’s stock worth $1,226,000 after acquiring an additional 1,298 shares in the last quarter.

Shares of USMV stock traded down $0.02 during trading hours on Friday, hitting $63.50. 3,194,403 shares of the company’s stock were exchanged. iShares Edge MSCI Min Vol USA ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The business’s 50 day simple moving average is $63.78 and its 200-day simple moving average is $62.36.

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Institutional Ownership by Quarter for iShares Edge MSCI Min Vol USA ETF (BATS:USMV)

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