iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,215 shares of the company’s stock after selling 112 shares during the quarter. Adamsbrown Wealth Consultants LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $285,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in USMV. LPL Financial LLC increased its holdings in shares of 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 purchasing an additional 346,414 shares during the period. World Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% in the third quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock valued at $20,534,000 after purchasing an additional 174,130 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $15,482,000. Avidian Wealth Enterprises LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2,578.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 173,645 shares of the company’s stock valued at $15,856,000 after purchasing an additional 167,162 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $12,199,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 3.8 %

Shares of USMV opened at $91.97 on Monday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock’s 50-day moving average price is $90.93 and its 200-day moving average price is $90.40.

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.