Shore Point Advisors LLC Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Shore Point Advisors LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 68,407 shares of the company’s stock after selling 524 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 3.3% of Shore Point Advisors LLC’s holdings, making the stock its 9th largest holding. Shore Point Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,246,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $30,000. Gleason Group Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Naples Money Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth approximately $41,000. Finally, Gradient Investments LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock worth $42,000 after buying an additional 497 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $92.01 on Friday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a 50-day moving average price of $90.00 and a 200-day moving average price of $85.61. The firm has a market cap of $26.96 billion, a PE 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.