Beacon Bank & Trust Acquires 8,267 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Beacon Bank & Trust boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 135,943 shares of the company’s stock after purchasing an additional 8,267 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 2.8% of Beacon Bank & Trust’s portfolio, making the stock its 9th biggest position. Beacon Bank & Trust’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock valued at $1,249,883,000 after purchasing an additional 191,453 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock valued at $628,581,000 after buying an additional 51,463 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after buying an additional 81,787 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock worth $271,634,000 after acquiring an additional 452,184 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock worth $206,734,000 after acquiring an additional 16,746 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.8%

USMV opened at $94.63 on Friday. The stock has a market capitalization of $24.15 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The firm’s fifty day simple moving average is $94.13 and its 200 day simple moving average is $93.93.

About iShares MSCI USA Min Vol Factor ETF

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.