Financial Life Advisors Sells 41,819 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Life Advisors lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 66.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,808 shares of the company’s stock after selling 41,819 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 0.7% of Financial Life Advisors’ holdings, making the stock its 21st biggest holding. Financial Life Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,747,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $30,000. Gleason Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $32,000. Hantz Financial Services Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $35,000. Finally, Naples Money Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $91.34 on Monday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The company has a market capitalization of $26.76 billion, a P/E ratio of 25.30 and a beta of 0.59. The company has a fifty day moving average price of $87.88 and a 200-day moving average price of $84.41.

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.