Frisch Financial Group Inc. Purchases 94,962 Shares of iShares Edge MSCI Min Vol USA ETF (BATS:USMV)

Frisch Financial Group Inc. raised its holdings in iShares Edge MSCI Min Vol USA ETF (BATS:USMV) by 161.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,678 shares of the company’s stock after buying an additional 94,962 shares during the quarter. iShares Edge MSCI Min Vol USA ETF comprises 2.6% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 14th largest position. Frisch Financial Group Inc.’s holdings in iShares Edge MSCI Min Vol USA ETF were worth $4,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USMV. Raymond James & Associates grew its holdings in iShares Edge MSCI Min Vol USA ETF by 2.7% during the 3rd quarter. Raymond James & Associates now owns 31,140,617 shares of the company’s stock valued at $2,288,840,000 after buying an additional 824,242 shares in the last quarter. SG Americas Securities LLC grew its position in iShares Edge MSCI Min Vol USA ETF by 1,214.3% during the third quarter. SG Americas Securities LLC now owns 841,051 shares of the company’s stock valued at $61,817,000 after buying an additional 777,061 shares during the period. FMR LLC grew its position in shares of iShares Edge MSCI Min Vol USA ETF by 11.8% in the second quarter. FMR LLC now owns 5,928,935 shares of the company’s stock valued at $436,429,000 after purchasing an additional 626,600 shares during the period. ARS Wealth Advisors Group LLC acquired a new position in iShares Edge MSCI Min Vol USA ETF during the third quarter worth about $40,226,000. Finally, Allianz Asset Management GmbH raised its stake in iShares Edge MSCI Min Vol USA ETF by 36.5% during the third quarter. Allianz Asset Management GmbH now owns 2,037,200 shares of the company’s stock worth $149,734,000 after purchasing an additional 545,291 shares during the period.

BATS USMV traded down $0.80 on Friday, hitting $77.91. 4,252,902 shares of the stock were exchanged. The company has a 50-day moving average price of $78.47 and a 200-day moving average price of $76.89. iShares Edge MSCI Min Vol USA ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45.

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

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