Mattern Wealth Management LLC Sells 1,668 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mattern Wealth Management LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.7% during the third quarter, Holdings Channel.com reports. The fund owned 13,863 shares of the company’s stock after selling 1,668 shares during the quarter. Mattern Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of USMV. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $30,000. Gleason Group Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at about $32,000. Hantz Financial Services Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $35,000. Finally, Bfsg LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 228 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV traded down $0.42 during mid-day trading on Tuesday, reaching $92.45. The stock had a trading volume of 706,486 shares. The stock has a market capitalization of $27.09 billion, a P/E ratio of 25.30 and a beta of 0.59. The firm has a 50 day moving average price of $90.79 and a two-hundred day moving average price of $86.06. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.