Geneos Wealth Management Inc. Has $106.05 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Geneos Wealth Management Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 99.3% in the first quarter, Holdings Channel reports. The institutional investor owned 1,143,557 shares of the company’s stock after acquiring an additional 569,762 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 2.5% of Geneos Wealth Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $106,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ritholtz Wealth Management bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth $74,238,000. BNP Paribas Financial Markets raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 10,472.3% during the 4th quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock valued at $75,398,000 after purchasing an additional 793,173 shares during the period. Two Sigma Investments LP raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 26.1% during the 3rd quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after purchasing an additional 565,200 shares during the period. Catalyst Capital Advisors LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after purchasing an additional 489,637 shares during the period. Finally, Morgan Stanley lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after purchasing an additional 465,870 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $96.09 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73. The stock’s 50-day simple moving average is $95.99 and its 200 day simple moving average is $95.14. The stock has a market capitalization of $24.52 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.