iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Holdings Cut by BCS Wealth Management

BCS Wealth Management reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,105 shares of the company’s stock after selling 909 shares during the period. BCS Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $631,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of USMV. Carrera Capital Advisors acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $33,148,000. LPL Financial LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $18,422,000. Bank of Montreal Can grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 572.4% in the 2nd quarter. Bank of Montreal Can now owns 250,380 shares of the company’s stock valued at $21,142,000 after buying an additional 213,145 shares in the last quarter. Finally, Magnolia Capital Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 867.8% in the second quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock worth $18,463,000 after buying an additional 197,175 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $88.17 on Tuesday. The firm has a market cap of $25.83 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50 day moving average price is $91.41 and its 200 day moving average price is $89.84. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.