Wells Financial Advisors INC Lowers Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Wells Financial Advisors INC lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,575 shares of the company’s stock after selling 1,892 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 7.3% of Wells Financial Advisors INC’s investment portfolio, making the stock its 3rd biggest holding. Wells Financial Advisors INC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,378,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $1,176,338,000. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% during the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after acquiring an additional 328,291 shares during the last quarter. Millburn Ridgefield Corp grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock valued at $324,208,000 after acquiring an additional 180,849 shares during the period. 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 worth $294,542,000 after purchasing an additional 21,739 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 0.6% in the 4th quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock worth $142,627,000 after purchasing an additional 10,270 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $92.77 on Wednesday. The stock has a 50-day simple moving average of $92.45 and a two-hundred day simple moving average of $91.71. The firm has a market capitalization of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $79.69 and a 52-week high of $95.12.

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.