New England Asset Management Inc. Makes New $2.66 Million Investment in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

New England Asset Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,150 shares of the company’s stock, valued at approximately $2,662,000.

Several other institutional investors have also recently made changes to their positions in USMV. Raymond James & Associates increased its position in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after buying an additional 146,632 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after acquiring an additional 182,050 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after acquiring an additional 31,625 shares in the last quarter. Cetera Investment Advisers raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after purchasing an additional 1,384,833 shares during the period. Finally, Financial Advisors LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock worth $101,282,000 after purchasing an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.4 %

Shares of USMV stock opened at $91.49 on Tuesday. The firm has a fifty day simple moving average of $91.47 and a two-hundred day simple moving average of $87.49. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The firm has a market capitalization of $26.81 billion, a PE ratio of 25.30 and a beta of 0.59.

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.