Arax Advisory Partners Makes New Investment in iShares MSCI USA Min Vol Factor ETF $USMV

Arax Advisory Partners acquired a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) during the fourth quarter, Holdings Channel.com reports. The firm acquired 46,109 shares of the company’s stock, valued at approximately $4,342,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morgan Stanley lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.2% in the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock valued at $1,434,701,000 after purchasing an additional 465,870 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock valued at $1,312,418,000 after purchasing an additional 98,221 shares during the period. Raymond James Financial Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock valued at $1,286,402,000 after purchasing an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after purchasing an additional 145,843 shares during the period. Finally, UBS Group AG lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock valued at $337,364,000 after purchasing an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $96.05 on Monday. The business’s 50-day moving average is $94.89 and its 200-day moving average is $94.84. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $98.07. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.