Steward Partners Investment Advisory LLC Sells 134,192 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Steward Partners Investment Advisory LLC cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMVFree Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 556,617 shares of the company’s stock after selling 134,192 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 0.6% of Steward Partners Investment Advisory LLC’s holdings, making the stock its 25th biggest position. Steward Partners Investment Advisory LLC owned about 0.15% of iShares MSCI USA Min Vol Factor ETF worth $43,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in USMV. Cherry Tree Wealth Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 17,305 shares of the company’s stock worth $1,350,000 after purchasing an additional 160 shares during the period. ARS Wealth Advisors Group LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 4.5% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 511,936 shares of the company’s stock worth $39,946,000 after purchasing an additional 22,057 shares during the period. Ergawealth Advisors Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 2.5% in the 4th quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock worth $2,207,000 after purchasing an additional 696 shares during the period. EWA LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 9.2% in the 4th quarter. EWA LLC now owns 115,354 shares of the company’s stock worth $9,269,000 after purchasing an additional 9,725 shares during the period. Finally, White Pine Investment CO boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the 4th quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock valued at $11,894,000 after acquiring an additional 668 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV traded down $0.79 during midday trading on Wednesday, reaching $82.23. 1,692,242 shares of the stock traded hands. The stock has a market capitalization of $24.09 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company’s 50 day moving average is $82.12 and its 200 day moving average is $80.02.

About iShares MSCI USA Min Vol Factor ETF

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

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