Financial Advisors LLC Sells 8,163 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Financial Advisors LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,099,487 shares of the company’s stock after selling 8,163 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 19.2% of Financial Advisors LLC’s portfolio, making the stock its largest holding. Financial Advisors LLC owned about 0.43% of iShares MSCI USA Min Vol Factor ETF worth $103,209,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in 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 valued at $628,581,000 after purchasing an additional 51,463 shares during the period. LPL Financial LLC increased its stake in 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 valued at $550,402,000 after purchasing an additional 190,680 shares during the period. Envestnet Asset Management Inc. increased its stake in 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 valued at $431,321,000 after purchasing an additional 112,814 shares during the period. JPMorgan Chase & Co. increased its stake in iShares MSCI USA Min Vol Factor ETF by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after purchasing an additional 568,565 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 10.7% in the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock valued at $228,646,000 after purchasing an additional 235,117 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $94.09 on Monday. The firm has a market cap of $24.01 billion, a PE ratio of 22.90 and a beta of 0.72. The firm’s fifty day moving average is $94.13 and its two-hundred day moving average is $92.90. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12.

iShares MSCI USA Min Vol Factor ETF Company 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.