iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Stock Position Lowered by Investment Advisory Group LLC

Investment Advisory Group LLC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 69,524 shares of the company’s stock after selling 359 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 2.1% of Investment Advisory Group LLC’s investment portfolio, making the stock its 10th largest holding. Investment Advisory Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of USMV. PNC Financial Services Group Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock worth $904,426,000 after acquiring an additional 91,948 shares in the last quarter. LPL Financial LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in 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 in the last quarter. Cerity Partners LLC lifted 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 buying an additional 17,264 shares during the last quarter. Finally, Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd 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 in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 2.3 %

BATS USMV opened at $90.68 on Wednesday. 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 price of $91.09 and a 200 day moving average price of $90.03. The firm has a market cap of $26.57 billion, a PE ratio of 25.30 and a beta of 0.59.

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.