Financial Advocates Investment Management Decreases Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Advocates Investment Management cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,894 shares of the company’s stock after selling 18,415 shares during the period. Financial Advocates Investment Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AlphaMark Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after acquiring an additional 143 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $38,000. Finally, Bfsg LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 228 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1 %

BATS USMV opened at $93.12 on Thursday. The stock has a fifty day simple moving average of $90.85 and a 200-day simple moving average of $90.51. The stock has a market cap of $27.28 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

About iShares MSCI USA Min Vol Factor ETF

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.