iShares MSCI USA Min Vol Factor ETF $USMV Position Increased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,263,596 shares of the company’s stock after acquiring an additional 39,367 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 1.1% of Johnson Investment Counsel Inc.’s holdings, making the stock its 26th largest position. Johnson Investment Counsel Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $118,614,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in USMV. Wealth Enhancement Advisory Services LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after acquiring an additional 3,352,591 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $130,668,000. JPMorgan Chase & Co. increased its position in iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after acquiring an additional 568,565 shares during the period. Truist Financial Corp increased its position in iShares MSCI USA Min Vol Factor ETF by 147.7% in the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after acquiring an additional 436,281 shares during the period. Finally, Russell Investments Group Ltd. increased its position in iShares MSCI USA Min Vol Factor ETF by 400.2% in the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after acquiring an additional 430,843 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $94.01 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a market cap of $23.99 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock’s 50 day moving average price is $94.00 and its 200 day moving average price is $92.88.

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.