Envestnet Portfolio Solutions Inc. Trims Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 267,224 shares of the company’s stock after selling 11,526 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $25,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Secure Asset Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.8% in the third quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock valued at $371,000 after buying an additional 108 shares during the last quarter. International Assets Investment Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 0.7% in the 2nd quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after acquiring an additional 110 shares during the period. Patriot Investment Management Group Inc. raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock valued at $2,814,000 after acquiring an additional 111 shares during the last quarter. Venturi Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 6,122 shares of the company’s stock worth $582,000 after acquiring an additional 111 shares during the period. Finally, KPP Advisory Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% in the 2nd quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock valued at $391,000 after purchasing an additional 118 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.8%

BATS:USMV opened at $94.71 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The stock’s 50 day simple moving average is $94.33 and its 200-day simple moving average is $93.99. The firm has a market cap of $24.17 billion, a P/E 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.