Founders Financial Securities LLC Increases Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Founders Financial Securities LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,403 shares of the company’s stock after acquiring an additional 6,603 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 1.1% of Founders Financial Securities LLC’s holdings, making the stock its 19th biggest holding. Founders Financial Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,498,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $28,000. Avion Wealth raised its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the period. Chapman Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $29,000. Flaharty Asset Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the first quarter worth $30,000. Finally, Phillips Financial Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.9%

Shares of USMV opened at $94.74 on Wednesday. The company’s fifty day simple moving average is $94.01 and its 200-day simple moving average is $93.76. The company has a market cap of $24.18 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12.

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.