Alta Wealth Advisors LLC Trims Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Alta Wealth Advisors LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,370 shares of the company’s stock after selling 1,305 shares during the period. Alta Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $654,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in 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 acquiring an additional 91,948 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after purchasing an additional 21,739 shares during the period. Cerity Partners LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock worth $194,871,000 after buying an additional 17,264 shares in the last quarter. Finally, Financial Advisors LLC boosted its stake in 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 buying an additional 16,576 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.2 %

Shares of BATS USMV opened at $92.40 on Friday. The stock’s 50-day simple moving average is $90.97 and its two-hundred day simple moving average is $90.31. 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 has a market capitalization of $27.07 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.