ISHARES TR

Ticker: USMV CUSIP: 46429B697 Class: MSCI USA MIN VOL

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
MORGAN STANLEY15,236,841$1,434,701
RAYMOND JAMES FINANCIAL INC13,773,118$1,296,877
BANK OF AMERICA CORP /DE/13,023,458$1,226,289
FMR LLC12,210,947$1,149,783
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC6,977,742$659,752
LPL Financial LLC6,288,665$592,141
PNC Financial Services Group, Inc.4,669,005$439,634
BlackRock, Inc.4,161,785$391,874
Millburn Ridgefield Corp3,752,960$353,379
Catalyst Capital Advisors LLC3,752,960$353,379
JPMORGAN CHASE & CO3,542,763$333,587
WELLS FARGO & COMPANY/MN3,509,626$330,466
ENVESTNET ASSET MANAGEMENT INC3,480,989$327,770
UBS Group AG3,418,226$321,860
AMERIPRISE FINANCIAL INC2,808,144$264,383
TWO SIGMA INVESTMENTS, LP2,492,600$234,703
Cetera Investment Advisers2,123,167$199,917
COMMONWEALTH EQUITY SERVICES, LLC1,995,478$187,894
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO1,675,239$157,740
ROYAL BANK OF CANADA1,663,637$156,647
ASSETMARK, INC1,554,364$146,359
SEI INVESTMENTS CO1,531,309$144,186
Cambridge Investment Research Advisors, Inc.1,418,508$134
MERCER GLOBAL ADVISORS INC /ADV1,267,613$119,359
JOHNSON INVESTMENT COUNSEL INC1,234,101$116,203
Focus Partners Wealth1,225,619$115,410
Cerity Partners LLC1,222,695$115,129
Horizon Investments, LLC1,191,694$112,210
Mariner, LLC1,055,276$99,365
JONES FINANCIAL COMPANIES LLLP1,008,775$94,986
OSAIC HOLDINGS, INC.974,737$91,809
Dynasty Wealth Management, LLC893,591$84,140
SECURIAN ASSET MANAGEMENT, INC870,287$81,946
Brookstone Capital Management854,348$80,445
Russell Investments Group, Ltd.852,118$80,235
BNP PARIBAS ARBITRAGE, SA800,747$75,398
CWM, LLC795,730$75
CAPTRUST FINANCIAL ADVISORS735,946$69,297
Quotient Wealth Partners, LLC732,704$68,991
US BANCORP \DE\728,703$68,615
MAI Capital Management712,694$67,107
Janney Montgomery Scott LLC671,440$63
HighTower Advisors, LLC671,199$63,200
Steward Partners Investment Advisory, LLC666,308$62,740
STIFEL FINANCIAL CORP655,434$61,716
Geneos Wealth Management Inc.573,795$54,029
Bank of New York Mellon Corp536,968$50,561
BARCLAYS PLC529,659$49,873
MML INVESTORS SERVICES, LLC508,271$47,859
Private Advisor Group, LLC503,255$47,386
NewEdge Advisors, LLC475,640$44,786
Facet Wealth, Inc.462,542$44,015
GLENMEDE TRUST CO NA425,429$40,058
Vestcor Inc420,748$40
High Probability Advisors, LLC382,490$36,015
Qube Research & Technologies Ltd379,398$35,724
ARS Wealth Advisors Group, LLC377,494$35,545
Klingman & Associates, LLC363,088$34,188
TRUIST FINANCIAL CORP337,176$31,748
KEYBANK NATIONAL ASSOCIATION/OH322,060$30,325
ALLIANCEBERNSTEIN L.P.318,051$29,948
Lineweaver Wealth Advisors, LLC311,983$29,376
PARK AVENUE SECURITIES LLC309,667$29
Rehmann Capital Advisory Group308,099$29,435
Symmetry Partners, LLC307,678$28,971
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND290,000$27,306
Integrated Wealth Concepts LLC282,483$26,599
Kestra Advisory Services, LLC280,368$26,399
Lido Advisors, LLC274,347$26,095
Envestnet Portfolio Solutions, Inc.271,919$25,604
GDS Wealth Management264,659$24,920
SAGESPRING WEALTH PARTNERS, LLC261,676$24,639
Cornerstone Wealth Management, LLC253,762$23,894
Creative Planning250,310$23,569
Well Done, LLC244,249$22,999
Capital Advisors, Ltd. LLC242,057$23
Stratos Wealth Partners, LTD.241,476$22,737
Beacon Pointe Advisors, LLC238,418$22,449
Pacific Center for Financial Services238,345$22,676
CITIZENS FINANCIAL GROUP INC/RI236,531$22,272
OneDigital Investment Advisors LLC234,598$22,090
CITIGROUP INC233,684$22,004
Cassia Capital Partners, LLC227,493$21,423
Sanctuary Advisors, LLC226,463$21,324
BARON SILVER STEVENS FINANCIAL ADVISORS, LLC224,532$21,142
Adaptive Financial Consulting, LLC222,839$20,982
Journey Advisory Group, LLC222,135$20,916
Lester Murray Antman dba SimplyRich220,714$21
CHOREO, LLC216,979$20,601
Valmark Advisers, Inc.214,795$20,225
&PARTNERS211,695$19,937
MV CAPITAL MANAGEMENT, INC.211,341$19,900
Financial Enhancement Group LLC203,637$19,211
Rockefeller Capital Management L.P.202,560$19,073
INTRUST BANK NA202,328$19,051
Equitable Holdings, Inc.202,099$19,030
Meridian Wealth Advisors, LLC197,634$18,609
Wealth Advisors of Iowa, LLC196,636$18,515
UNITED CAPITAL FINANCIAL ADVISORS, LLC193,885$18,256
Summit Wealth Partners, LLC188,694$17,767
1247 other institutions27,417,405$2,500,739
Total (1,347 institutions)178,579,527$16,354,805