iShares Edge MSCI Min Vol USA ETF (BATS:USMV) Stock Position Raised by Concentrum Wealth Management

Concentrum Wealth Management lifted its position in iShares Edge MSCI Min Vol USA ETF (BATS:USMV) by 23.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,940 shares of the company’s stock after buying an additional 7,788 shares during the quarter. iShares Edge MSCI Min Vol USA ETF accounts for approximately 3.0% of Concentrum Wealth Management’s portfolio, making the stock its 5th biggest position. Concentrum Wealth Management’s holdings in iShares Edge MSCI Min Vol USA ETF were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of USMV. Moloney Securities Asset Management LLC increased its holdings in iShares Edge MSCI Min Vol USA ETF by 1.8% during the 1st quarter. Moloney Securities Asset Management LLC now owns 11,257 shares of the company’s stock worth $662,000 after purchasing an additional 200 shares during the period. Van Hulzen Asset Management LLC increased its holdings in iShares Edge MSCI Min Vol USA ETF by 4.3% during the 1st quarter. Van Hulzen Asset Management LLC now owns 5,387 shares of the company’s stock worth $317,000 after purchasing an additional 222 shares during the period. Valeo Financial Advisors LLC increased its holdings in iShares Edge MSCI Min Vol USA ETF by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,193 shares of the company’s stock worth $197,000 after purchasing an additional 235 shares during the period. Pittenger & Anderson Inc. increased its holdings in iShares Edge MSCI Min Vol USA ETF by 2.0% during the 1st quarter. Pittenger & Anderson Inc. now owns 14,589 shares of the company’s stock worth $858,000 after purchasing an additional 280 shares during the period. Finally, Capital Investment Advisory Services LLC increased its holdings in iShares Edge MSCI Min Vol USA ETF by 19.7% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,795 shares of the company’s stock worth $106,000 after purchasing an additional 295 shares during the period.

USMV opened at $62.67 on Friday. iShares Edge MSCI Min Vol USA ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a 50-day simple moving average of $62.66.

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Institutional Ownership by Quarter for iShares Edge MSCI Min Vol USA ETF (BATS:USMV)

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