Silverlake Wealth Management LLC Trims Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Silverlake Wealth Management LLC lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 4,997 shares of the company’s stock after selling 320 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 13.5% during the third quarter. Valeo Financial Advisors LLC now owns 2,789 shares of the company’s stock valued at $255,000 after buying an additional 332 shares during the period. Simplicity Wealth LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 7.1% during the third quarter. Simplicity Wealth LLC now owns 17,085 shares of the company’s stock worth $1,560,000 after purchasing an additional 1,130 shares during the period. Independence Bank of Kentucky raised its stake in iShares MSCI USA Min Vol Factor ETF by 111.6% during the third quarter. Independence Bank of Kentucky now owns 11,111 shares of the company’s stock worth $1,015,000 after purchasing an additional 5,859 shares during the period. Beaumont Financial Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 2.7% during the third quarter. Beaumont Financial Advisors LLC now owns 4,879 shares of the company’s stock worth $445,000 after purchasing an additional 128 shares during the period. Finally, Watts Gwilliam & Co. LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $395,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.7 %

iShares MSCI USA Min Vol Factor ETF stock opened at $92.01 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The firm has a fifty day moving average of $90.00 and a 200-day moving average of $85.61. The firm has a market capitalization of $26.96 billion, a P/E ratio of 25.30 and a beta of 0.59.

About iShares MSCI USA Min Vol Factor ETF

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.