iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 739,768 shares of the company’s stock after selling 7,496 shares during the period. HighTower Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $67,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in USMV. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $30,000. Gleason Group Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $32,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $35,000. Finally, Fortitude Family Office LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $93.80 on Wednesday. The stock has a fifty day moving average price of $92.04 and a 200 day moving average price of $88.41. The stock has a market cap of $27.48 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.