Capital Financial Group Inc. Co. ADV Purchases New Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Capital Financial Group Inc. Co. ADV purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, HoldingsChannel reports. The firm purchased 130,306 shares of the company’s stock, valued at approximately $12,270,000. iShares MSCI USA Min Vol Factor ETF accounts for approximately 6.8% of Capital Financial Group Inc. Co. ADV’s investment portfolio, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted 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 worth $1,002,000 after purchasing an additional 1,291 shares in the last quarter. Jane Street Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% during the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after acquiring an additional 27,868 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $399,000. First Trust Advisors LP grew 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 worth $736,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew 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 worth $22,976,000 after purchasing an additional 201,483 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.3%

Shares of BATS:USMV opened at $96.34 on Tuesday. The company’s 50 day moving average price is $94.95 and its two-hundred day moving average price is $94.85. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $98.07. The firm has a market cap of $24.59 billion, a PE 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.