Smart Money Group LLC Has $7.52 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Smart Money Group LLC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,713 shares of the company’s stock after selling 726 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 2.6% of Smart Money Group LLC’s holdings, making the stock its 8th largest position. Smart Money Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,522,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in USMV. PNC Financial Services Group Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in 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 lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after buying an additional 21,739 shares in the last quarter. Cerity Partners LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after acquiring an additional 17,264 shares in the last quarter. Finally, Financial Advisors LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock worth $101,282,000 after purchasing an additional 16,576 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.4 %

Shares of BATS:USMV opened at $89.87 on Monday. The stock’s 50 day moving average is $91.16 and its 200-day moving average is $89.98. The firm has a market capitalization of $26.33 billion, a price-to-earnings 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.

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.