Kovack Advisors Inc. Reduces Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Kovack Advisors Inc. trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,422 shares of the company’s stock after selling 1,764 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $678,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of USMV. Oppenheimer & Co. Inc. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 21.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,447 shares of the company’s stock valued at $680,000 after buying an additional 1,326 shares during the last quarter. Haverford Trust Co boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 19.0% during the third quarter. Haverford Trust Co now owns 59,993 shares of the company’s stock valued at $5,478,000 after acquiring an additional 9,580 shares during the last quarter. Carrera Capital Advisors increased its position in iShares MSCI USA Min Vol Factor ETF by 32.2% during the 3rd quarter. Carrera Capital Advisors now owns 521,775 shares of the company’s stock worth $47,643,000 after purchasing an additional 126,966 shares in the last quarter. Prime Capital Investment Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 7.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 42,519 shares of the company’s stock valued at $3,882,000 after purchasing an additional 2,814 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $12,199,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.0 %

BATS USMV opened at $93.12 on Thursday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The business’s 50-day moving average price is $91.35 and its 200 day moving average price is $87.25. The company has a market capitalization of $27.28 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.