Financial Enhancement Group LLC Sells 84,160 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Enhancement Group LLC reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,563 shares of the company’s stock after selling 84,160 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,136,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth $30,000. Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $38,000. Bfsg LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares in the last quarter. Arrow Financial Corp purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $45,000. Finally, Eastern Bank bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $92,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $89.18 on Thursday. The company has a market cap of $26.13 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. The stock’s 50 day simple moving average is $91.29 and its two-hundred day simple moving average is $89.86.

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.