Private Advisor Group LLC Cuts Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Private Advisor Group LLC decreased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 569,176 shares of the company’s stock after selling 51,564 shares during the period. Private Advisor Group LLC owned approximately 0.19% of iShares MSCI USA Min Vol Factor ETF worth $47,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Gleason Group Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $32,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $33,000. Naples Money Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth about $41,000. Gradient Investments LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after purchasing an additional 497 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $44,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $89.32 on Friday. The firm’s 50-day moving average is $87.22 and its two-hundred day moving average is $84.04. The stock has a market capitalization of $26.17 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.

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.