Sovran Advisors LLC Takes $670,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Sovran Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,562 shares of the company’s stock, valued at approximately $670,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.1% in the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after purchasing an additional 111 shares during the period. Anchor Investment Management LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after buying an additional 112 shares during the last quarter. Sensible Money LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% in the third quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock worth $797,000 after acquiring an additional 121 shares during the period. Asset Dedication LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after acquiring an additional 121 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 4.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after acquiring an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $93.20 on Wednesday. The stock’s 50-day simple moving average is $90.74 and its two-hundred day simple moving average is $90.72. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.