iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by M3 Advisory Group LLC

M3 Advisory Group LLC lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 14.8% during the 2nd quarter, Holdings Channel reports. The firm owned 2,639 shares of the company’s stock after selling 457 shares during the period. M3 Advisory Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Compass Wealth Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after buying an additional 123 shares during the period. ROSS JOHNSON & Associates LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $28,000. Columbia River Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $30,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $30,000. Finally, LRI Investments LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $94.01 on Monday. The company’s 50 day moving average price is $94.00 and its 200 day moving average price is $92.87. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Profile

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.