Flagship Private Wealth LLC Sells 19,340 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Flagship Private Wealth LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,082 shares of the company’s stock after selling 19,340 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 8.5% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Flagship Private Wealth LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,529,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Key Financial Inc increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.6% during the first quarter. Key Financial Inc now owns 1,794 shares of the company’s stock valued at $168,000 after acquiring an additional 111 shares in the last quarter. Asset Dedication LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the first quarter. Asset Dedication LLC now owns 8,489 shares of the company’s stock valued at $795,000 after acquiring an additional 112 shares in the last quarter. Sensible Money LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the first quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after acquiring an additional 112 shares in the last quarter. Compass Wealth Management LLC increased its holdings 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 valued at $26,000 after acquiring an additional 123 shares in the last quarter. Finally, Cynosure Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the first quarter. Cynosure Group LLC now owns 36,192 shares of the company’s stock valued at $3,390,000 after acquiring an additional 127 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.0%

USMV opened at $94.85 on Friday. The firm’s 50-day moving average price is $93.80 and its 200-day moving average price is $92.78. The company has a market cap of $24.20 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 $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.