Brookstone Capital Management Purchases 39,266 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Brookstone Capital Management raised its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 893,614 shares of the company’s stock after buying an additional 39,266 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 0.9% of Brookstone Capital Management’s portfolio, making the stock its 17th biggest position. Brookstone Capital Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $82,874,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of USMV. Brighton Jones LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,291 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock valued at $3,323,000 after purchasing an additional 27,868 shares in the last quarter. Hsbc Holdings PLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $399,000. First Trust Advisors LP lifted its holdings in 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 buying an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in iShares MSCI USA Min Vol Factor ETF by 465.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after buying an additional 201,483 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $94.24 on Monday. The stock has a fifty day moving average of $95.04 and a 200-day moving average of $94.85. The stock has a market capitalization of $24.05 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07.

iShares MSCI USA Min Vol Factor ETF 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.