iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Position Decreased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 90.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,915 shares of the company’s stock after selling 36,597 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after buying an additional 91,948 shares during the last quarter. LPL Financial LLC boosted 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 acquiring an additional 346,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after acquiring an additional 21,739 shares during the last quarter. Cerity Partners LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock worth $194,871,000 after purchasing an additional 17,264 shares during the period. Finally, Financial Advisors LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after purchasing an additional 16,576 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock 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 firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year 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.