Private Wealth Group LLC Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Private Wealth Group LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,557 shares of the company’s stock after selling 550 shares during the period. Private Wealth Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $873,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in USMV. First Trust Direct Indexing L.P. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $853,000. Sequoia Financial Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 23.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,861 shares of the company’s stock worth $406,000 after acquiring an additional 914 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 558.9% during the 1st quarter. BNP Paribas Financial Markets now owns 20,190 shares of the company’s stock worth $1,687,000 after acquiring an additional 17,126 shares in the last quarter. Connecticut Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $408,000. Finally, Choreo LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% during the 1st quarter. Choreo LLC now owns 288,587 shares of the company’s stock worth $24,120,000 after acquiring an additional 2,951 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $89.99 on Friday. The stock has a market capitalization of $26.37 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. The business’s 50 day simple moving average is $91.14 and its 200-day simple moving average is $86.59.

iShares MSCI USA Min Vol Factor ETF Company 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.