Berkshire Bank Buys 28,447 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Berkshire Bank raised its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 151.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,228 shares of the company’s stock after acquiring an additional 28,447 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.0% of Berkshire Bank’s investment portfolio, making the stock its 26th largest holding. Berkshire Bank’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Avaii Wealth Management LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Avaii Wealth Management LLC now owns 12,017 shares of the company’s stock valued at $874,000 after purchasing an additional 150 shares during the last quarter. Claro Advisors LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the 1st quarter. Claro Advisors LLC now owns 7,102 shares of the company’s stock valued at $517,000 after purchasing an additional 153 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the 1st quarter. Granite Bay Wealth Management LLC now owns 8,026 shares of the company’s stock valued at $584,000 after purchasing an additional 169 shares during the last quarter. Cox Capital Mgt LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.6% during the 1st quarter. Cox Capital Mgt LLC now owns 5,029 shares of the company’s stock valued at $366,000 after purchasing an additional 176 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.8% during the 1st quarter. Personal Capital Advisors Corp now owns 2,770 shares of the company’s stock valued at $215,000 after purchasing an additional 176 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $74.96 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The firm has a market cap of $28.75 billion, a PE ratio of 20.17 and a beta of 0.75. The stock has a fifty day moving average price of $74.80 and a 200-day moving average price of $73.36.

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.