GGM Financials LLC Sells 461 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

GGM Financials LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,674 shares of the company’s stock after selling 461 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 3.0% of GGM Financials LLC’s portfolio, making the stock its 9th biggest holding. GGM Financials LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,440,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in USMV. Cetera Investment Advisers grew its stake in iShares MSCI USA Min Vol Factor ETF by 270.9% in the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after buying an additional 1,384,833 shares during the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $83,046,000. Carrera Capital Advisors bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $33,148,000. Symmetry Partners LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 75.6% during the 2nd quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock worth $64,585,000 after purchasing an additional 331,096 shares during the last quarter. Finally, Granite Bay Wealth Management LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 5,487.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock worth $27,303,000 after purchasing an additional 325,904 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $92.45 on Thursday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business’s fifty day moving average price is $91.18 and its two-hundred day moving average price is $86.87.

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.