Ergawealth Advisors Inc. decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,916 shares of the company’s stock after selling 109 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.8% of Ergawealth Advisors Inc.’s portfolio, making the stock its 22nd biggest holding. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,682,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Compass Wealth Management LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after purchasing an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $28,000. Flaharty Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at about $30,000. Columbia River Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $30,000. Finally, LRI Investments LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $33,000.
iShares MSCI USA Min Vol Factor ETF Trading Up 7.3%
Shares of BATS:USMV opened at $95.14 on Friday. The company has a 50 day moving average of $93.82 and a 200 day moving average of $92.80. The stock has a market cap of $24.28 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.
About iShares MSCI USA Min Vol Factor ETF
The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.
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