Wealth Management Partners LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Wealth Management Partners LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,914 shares of the company’s stock after selling 804 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.2% of Wealth Management Partners LLC’s holdings, making the stock its 23rd largest holding. Wealth Management Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,745,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after acquiring an additional 21,739 shares in the last quarter. Cerity Partners LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after acquiring an additional 17,264 shares in the last quarter. Finally, Financial Advisors LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Financial Advisors LLC now owns 1,109,209 shares of the company’s stock valued at $101,282,000 after acquiring an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.4 %

Shares of USMV opened at $89.87 on Monday. The company has a market capitalization of $26.33 billion, a P/E ratio of 25.30 and a beta of 0.59. The firm has a 50 day moving average of $91.16 and a 200 day moving average of $89.98. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.