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

Institute for Wealth Management LLC. trimmed its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 82.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,241 shares of the company’s stock after selling 42,062 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $821,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the period. Fortitude Family Office LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $38,000. Finally, Bfsg LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 228 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 3.8 %

USMV opened at $91.97 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The company has a 50 day moving average of $90.96 and a two-hundred day moving average of $90.33. The company has a market cap of $26.95 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.