Merkkuri Wealth Advisors LLC Cuts Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Merkkuri Wealth Advisors LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 12.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,310 shares of the company’s stock after selling 342 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after acquiring an additional 91,948 shares in the last quarter. LPL Financial LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 6.9% during the third 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. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after purchasing an additional 21,739 shares during the last quarter. Cerity Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after buying an additional 17,264 shares in the last quarter. Finally, Financial Advisors LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock worth $101,282,000 after buying an additional 16,576 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 2.6 %

BATS:USMV opened at $90.97 on Friday. The company has a market capitalization of $26.65 billion, a P/E ratio of 25.30 and a beta of 0.59. The firm has a 50-day moving average price of $90.96 and a two-hundred day moving average price of $90.17. 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.