FORM Wealth Advisors LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 64.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,607 shares of the company’s stock after selling 6,424 shares during the period. FORM Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $348,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. KWB Wealth purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $6,133,000. Community Financial Services Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $116,000. Bay Rivers Group boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the second quarter. Bay Rivers Group now owns 107,471 shares of the company’s stock valued at $10,367,000 after purchasing an additional 1,863 shares during the period. Veery Capital LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 15.0% in the second quarter. Veery Capital LLC now owns 9,007 shares of the company’s stock worth $869,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 2.4% in the second quarter. Professional Financial Advisors LLC now owns 7,007 shares of the company’s stock worth $676,000 after purchasing an additional 161 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Down 0.1%
USMV opened at $100.73 on Wednesday. The stock’s fifty day moving average is $96.95 and its two-hundred day moving average is $95.65. The company has a market capitalization of $25.71 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $101.07.
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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