Thrivent Financial for Lutherans decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 35.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 67,532 shares of the company’s stock after selling 37,841 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,339,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $130,668,000. Ameriprise Financial Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after acquiring an additional 452,184 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 26.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock worth $201,096,000 after acquiring an additional 445,896 shares during the period. Truist Financial Corp boosted its position 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 worth $68,678,000 after acquiring an additional 436,281 shares during the last quarter. Finally, Portfolio Design Labs LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $34,671,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
iShares MSCI USA Min Vol Factor ETF stock opened at $93.82 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The firm has a 50 day moving average price of $94.00 and a 200 day moving average price of $93.74. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.
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.
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