Snider Financial Group Has $847,000 Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Snider Financial Group decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,276 shares of the company’s stock after selling 547 shares during the quarter. Snider Financial Group’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $847,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of USMV. Raymond James & Associates raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the 2nd quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock worth $1,351,398,000 after purchasing an additional 146,632 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% during the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock worth $307,185,000 after buying an additional 182,050 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 1.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after buying an additional 31,625 shares during the period. Cetera Investment Advisers lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% during the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock worth $158,465,000 after acquiring an additional 1,384,833 shares during the period. Finally, Financial Advisors LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 3rd quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock worth $101,282,000 after acquiring an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $93.14 on Thursday. The firm has a 50 day simple moving average of $91.35 and a two-hundred day simple moving average of $87.25. The company has a market cap of $27.29 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one 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.