Retirement Planning Group LLC Trims Position in iShares MSCI USA Min Vol Factor ETF $USMV

Retirement Planning Group LLC cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,860 shares of the company’s stock after selling 343 shares during the period. Retirement Planning Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after purchasing an additional 51,463 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% in the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after purchasing an additional 190,680 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after purchasing an additional 112,814 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% during the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after acquiring an additional 568,565 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.7% during the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after acquiring an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $94.77 on Wednesday. The firm has a fifty day moving average price of $94.21 and a 200 day moving average price of $92.97. 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 cap of $24.18 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.