Magnolia Capital Advisors LLC Buys Shares of 28,101 iShares Edge MSCI Min Vol USA ETF (BATS:USMV)

Magnolia Capital Advisors LLC bought a new stake in iShares Edge MSCI Min Vol USA ETF (BATS:USMV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,101 shares of the company’s stock, valued at approximately $1,843,000. iShares Edge MSCI Min Vol USA ETF accounts for approximately 1.8% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its position in iShares Edge MSCI Min Vol USA ETF by 4.3% in the fourth quarter. Bank of America Corp DE now owns 38,622,819 shares of the company’s stock valued at $2,533,657,000 after purchasing an additional 1,598,458 shares during the period. Raymond James & Associates boosted its stake in shares of iShares Edge MSCI Min Vol USA ETF by 0.8% during the fourth quarter. Raymond James & Associates now owns 22,422,682 shares of the company’s stock worth $1,470,934,000 after buying an additional 169,332 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares Edge MSCI Min Vol USA ETF by 9.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,140,406 shares of the company’s stock worth $665,215,000 after buying an additional 864,036 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Edge MSCI Min Vol USA ETF by 26.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,835,832 shares of the company’s stock worth $448,430,000 after buying an additional 1,424,892 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in iShares Edge MSCI Min Vol USA ETF by 2.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,689,079 shares of the company’s stock valued at $373,204,000 after purchasing an additional 120,194 shares during the period.

BATS:USMV traded down $0.96 during mid-day trading on Tuesday, reaching $54.41. The stock had a trading volume of 3,985,904 shares. iShares Edge MSCI Min Vol USA ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The business has a 50 day simple moving average of $61.60 and a 200 day simple moving average of $64.11.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a $0.3133 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $1.25 dividend on an annualized basis and a yield of 2.30%.

See Also: What is the definition of arbitrage?

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

Receive News & Ratings for iShares Edge MSCI Min Vol USA ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Edge MSCI Min Vol USA ETF and related companies with MarketBeat.com's FREE daily email newsletter.