Sovereign Financial Group Inc. Has $679,000 Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Sovereign Financial Group Inc. lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,650 shares of the company’s stock after selling 329 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $679,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. SpiderRock Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $629,000. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $30,000. EdgeRock Capital LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% in the third quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $6,132,000 after buying an additional 3,371 shares during the period. Integrated Wealth Concepts LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 7.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 634,509 shares of the company’s stock valued at $57,937,000 after buying an additional 43,846 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 232,184 shares of the company’s stock valued at $19,494,000 after buying an additional 1,785 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $88.64 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company’s 50 day moving average price is $91.36 and its two-hundred day moving average price is $89.87. The firm has a market capitalization of $25.97 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.