Avidian Wealth Solutions LLC Cuts Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Avidian Wealth Solutions LLC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 47.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,820 shares of the company’s stock after selling 7,179 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $654,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Phillips Wealth Planners LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.3% during the 4th quarter. Phillips Wealth Planners LLC now owns 5,887 shares of the company’s stock worth $464,000 after acquiring an additional 134 shares in the last quarter. Yarger Wealth Strategies LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% during the fourth quarter. Yarger Wealth Strategies LLC now owns 13,832 shares of the company’s stock worth $1,079,000 after purchasing an additional 139 shares in the last quarter. Hoese & Co LLP lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% during the fourth quarter. Hoese & Co LLP now owns 54,001 shares of the company’s stock worth $4,123,000 after purchasing an additional 140 shares in the last quarter. Adamsbrown Wealth Consultants LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.9% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 3,220 shares of the company’s stock valued at $251,000 after purchasing an additional 149 shares during the period. Finally, Sandy Spring Bank grew its holdings in iShares MSCI USA Min Vol Factor ETF by 25.7% during the 4th quarter. Sandy Spring Bank now owns 734 shares of the company’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock traded up $0.66 during midday trading on Wednesday, hitting $84.67. 1,743,991 shares of the stock were exchanged. The company has a 50 day moving average price of $83.23 and a two-hundred day moving average price of $81.55. The firm has a market cap of $24.81 billion, a P/E 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.

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.