Lodestone Wealth Management LLC Has $229,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Lodestone Wealth Management LLC cut its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 28.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,506 shares of the company’s stock after selling 973 shares during the quarter. Lodestone Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $30,000. QRG Capital Management Inc. raised its position in iShares MSCI USA Min Vol Factor ETF by 36.5% in the second quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock worth $399,000 after purchasing an additional 1,270 shares in the last quarter. Banco Santander S.A. lifted its stake in iShares MSCI USA Min Vol Factor ETF by 1.2% during the second quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after purchasing an additional 1,200 shares during the period. Sequoia Financial Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 23.2% during the first quarter. Sequoia Financial Advisors LLC now owns 4,861 shares of the company’s stock worth $406,000 after acquiring an additional 914 shares in the last quarter. Finally, EdgeRock Capital LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the third quarter. EdgeRock Capital LLC now owns 67,158 shares of the company’s stock valued at $6,132,000 after acquiring an additional 3,371 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $89.97 on Friday. The firm has a market cap of $26.36 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The firm’s 50-day simple moving average is $91.14 and its 200-day simple moving average is $86.64.

iShares MSCI USA Min Vol Factor ETF 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.