iShares Trust - iShares MSCI USA Min Vol Factor ETF
MX ˙ BMV ˙ US46429B6974
SecurityMX:USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionFirst Business Financial Services, Inc.
Latest Disclosed Ownership8,694 shares
Latest Disclosed Value $ 806,282
First Business Financial Services, Inc. ownership in USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On May 1, 2026 - First Business Financial Services, Inc. filed a 13F-HR form disclosing ownership of 8,694 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (MX:USMV) valued at $806,282 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 8,694 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. This represents a change in shares of 0.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 806 -1.47 0.0717
2026-02-06 2025-12-31 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 819 -1.09 0.0752
2025-10-30 2025-09-30 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 827 1.35 0.0759
2025-07-31 2025-06-30 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 816 0.25 0.0736
2025-05-02 2025-03-31 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 814 5.58 0.0801
2025-02-06 2024-12-31 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 0 0.00 772 -2.77 0.0763
2024-11-06 2024-09-30 13F iShares Edge MSCI Min Vol USA Com 46429B697 8,694 -7,099 -44.95 794 -40.15 0.0794
2024-08-02 2024-06-30 13F iShares Edge MSCI Min Vol USA Com 46429B697 15,793 0 0.00 1,326 0.45 0.1406
2024-05-15 2024-03-31 13F/A-1 iShares Edge MSCI Min Vol USA Common 46429B697 15,793 0 0.00 1,320 7.06 0.1415
2024-05-06 2024-03-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 15,793 0 1,232 0.1433
2024-02-14 2023-12-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 15,793 -300 -1.86 1,232 5.84 0.1433
2023-11-14 2023-09-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1,165 -2.68 0.1484
2023-08-07 2023-06-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1,196 2.22 0.1476
2023-05-09 2023-03-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1,171 116,900.00 0.1469
2023-02-02 2022-12-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1 -99.91 0.1559
2022-11-15 2022-09-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1,064 -5.84 0.1519
2022-08-02 2022-06-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 0 0.00 1,130 -9.46 0.1522
2022-05-09 2022-03-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,093 -67 -0.41 1,248 -4.51 0.1380
2022-02-10 2021-12-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,160 0 0.00 1,307 10.02 0.1383
2021-10-26 2021-09-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,160 300 1.89 1,188 1.80 0.1359
2021-07-20 2021-06-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 15,860 -306 -1.89 1,167 4.29 0.1364
2021-04-20 2021-03-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 16,166 306 1.93 1,119 3.90 0.1485
2021-01-28 2020-12-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 15,860 -696,339 -97.77 1,077 -97.63 0.1565
2020-11-04 2020-09-30 13F iShares Edge MSCI Min Vol USA Common 46429B697 712,199 11,802 1.69 45,388 6.88 7.5758
2020-08-12 2020-06-30 13F iShares Edge MSCI Min Vol USA Com 46429B697 700,397 -61,715 -8.10 42,465 3.17 7.6119
2020-05-01 2020-03-31 13F iShares Edge MSCI Min Vol USA Common 46429B697 762,112 13,071 1.75 41,162 -16.23 8.1951
2020-02-10 2019-12-31 13F iShares MSCI Min Vol USA ETF Common 46429B697 749,041 12,101 1.64 49,137 4.02 7.7764
2019-11-05 2019-09-30 13F iShares MSCI Min Vol USA ETF Common 46429B697 736,940 736,940 47,238 8.0750
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.