LPL Financial LLC Has $592.14 Million Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

LPL Financial LLC reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,288,665 shares of the company’s stock after selling 258,361 shares during the period. LPL Financial LLC owned 2.46% of iShares MSCI USA Min Vol Factor ETF worth $592,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Frankly Finances LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $25,000. Investors Research Corp acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $26,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $29,000. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $29,000. Finally, Abound Wealth Management increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $95.23 on Tuesday. The stock has a fifty day moving average of $94.60 and a 200-day moving average of $94.78. The stock has a market capitalization of $24.30 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $98.07.

iShares MSCI USA Min Vol Factor ETF Company 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.