Gladstone Institutional Advisory LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Gladstone Institutional Advisory LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% during the fourth quarter, Holdings Channel reports. The firm owned 87,675 shares of the company’s stock after selling 6,709 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Brighton Jones LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.1% during the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after buying an additional 111 shares during the last quarter. Anchor Investment Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the third quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after acquiring an additional 112 shares during the period. Sensible Money LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 1.4% during the third quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after acquiring an additional 121 shares during the last quarter. Asset Dedication LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after acquiring an additional 121 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 4.8% in the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after acquiring an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.1 %

BATS USMV opened at $93.20 on Wednesday. The company has a 50-day moving average price of $90.74 and a 200-day moving average price of $90.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The firm has a market capitalization of $27.31 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.