Spire Wealth Management Has $5.21 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Spire Wealth Management grew its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 107.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,594 shares of the company’s stock after purchasing an additional 28,824 shares during the quarter. Spire Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,208,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of USMV. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $130,668,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after purchasing an additional 568,565 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% in the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after purchasing an additional 436,281 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 400.2% in the first quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after purchasing an additional 430,843 shares in the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1,116.1% in the second quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock valued at $28,923,000 after purchasing an additional 282,778 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.9%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.01 on Thursday. The business’s fifty day simple moving average is $94.28 and its 200 day simple moving average is $93.28. The firm has a market capitalization of $23.73 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.