iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Hoese & Co LLP

Hoese & Co LLP cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 39.0% during the second quarter, HoldingsChannel.com reports. The fund owned 26,472 shares of the company’s stock after selling 16,899 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 2.0% of Hoese & Co LLP’s holdings, making the stock its 12th largest position. Hoese & Co LLP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,485,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of USMV. Compass Wealth Management LLC boosted its stake 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 during the period. ROSS JOHNSON & Associates LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $28,000. Columbia River Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. Finally, LRI Investments LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.1%

Shares of USMV stock opened at $94.09 on Friday. The stock’s 50-day moving average price is $94.13 and its 200 day moving average price is $92.91. The stock has a market capitalization of $24.01 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $95.12.

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.