Sowell Financial Services LLC lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 14.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 150,971 shares of the company’s stock after selling 25,043 shares during the quarter. Sowell Financial Services LLC owned approximately 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,711,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the 1st quarter. Cetera Investment Advisers now owns 2,162,456 shares of the company’s stock worth $200,546,000 after acquiring an additional 39,289 shares in the last quarter. Sei Investments Co. grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.9% during the first quarter. Sei Investments Co. now owns 1,560,042 shares of the company’s stock worth $144,677,000 after purchasing an additional 28,733 shares during the period. Geneos Wealth Management Inc. grew its stake in iShares MSCI USA Min Vol Factor ETF by 99.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock worth $106,053,000 after purchasing an additional 569,762 shares during the period. NewEdge Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 14.3% in the second quarter. NewEdge Advisors LLC now owns 706,584 shares of the company’s stock worth $68,151,000 after purchasing an additional 88,257 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.3% in the second quarter. Integrated Wealth Concepts LLC now owns 427,816 shares of the company’s stock worth $41,267,000 after purchasing an additional 1,438 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Down 0.1%
Shares of BATS USMV opened at $102.91 on Thursday. The company’s fifty day simple moving average is $100.38 and its 200 day simple moving average is $96.91. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $91.02 and a 12-month high of $103.58. The firm has a market cap of $26.26 billion, a PE ratio of 22.90 and a beta of 0.72.
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.
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