Silverlake Wealth Management LLC Has $428,000 Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Silverlake Wealth Management LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 4,821 shares of the company’s stock after selling 176 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after buying an additional 91,948 shares during the period. LPL Financial LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd 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 stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 4th 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 stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 3rd 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 stake in 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 valued at $101,282,000 after purchasing an additional 16,576 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.2 %

Shares of USMV stock opened at $92.39 on Wednesday. The firm has a market capitalization of $27.07 billion, a PE ratio of 25.30 and a beta of 0.59. The firm has a fifty day simple moving average of $90.90 and a two-hundred day simple moving average of $90.46. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

About iShares MSCI USA Min Vol Factor ETF

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.