High Net Worth Advisory Group LLC Has $6.34 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

High Net Worth Advisory Group LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 71,431 shares of the company’s stock after selling 1,677 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 1.8% of High Net Worth Advisory Group LLC’s portfolio, making the stock its 10th biggest position. High Net Worth Advisory Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USMV. AlphaMark Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares during the period. Fortitude Family Office LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $38,000. Bfsg LLC lifted its stake 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 valued at $39,000 after buying an additional 228 shares during the last quarter. Finally, Arrow Financial Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $45,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 2.6 %

USMV stock opened at $90.97 on Monday. The stock has a market cap of $26.65 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50-day simple moving average is $90.96 and its 200 day simple moving average is $90.21. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45.

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.