Archer Investment Corp Has $286,000 Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Archer Investment Corp trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,132 shares of the company’s stock after selling 137 shares during the quarter. Archer Investment Corp’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of USMV. SpiderRock Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $629,000. Headlands Technologies LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $30,000. EdgeRock Capital LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 3rd quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock worth $6,132,000 after acquiring an additional 3,371 shares during the period. QRG Capital Management Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 36.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock worth $399,000 after acquiring an additional 1,270 shares during the period. Finally, Banco Santander S.A. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% during the 2nd quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after acquiring an additional 1,200 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 1.1 %

USMV traded down $1.01 during trading on Friday, reaching $92.13. 1,377,484 shares of the company were exchanged. The company’s 50-day moving average is $91.39 and its two-hundred day moving average is $87.29. The company has a market cap of $26.99 billion, a price-to-earnings 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.