Tanglewood Legacy Advisors LLC Cuts Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Tanglewood Legacy Advisors LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,801 shares of the company’s stock after selling 330 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.1% of Tanglewood Legacy Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Tanglewood Legacy Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,646,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in iShares MSCI USA Min Vol Factor ETF by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after buying an additional 91,948 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in 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 valued at $294,542,000 after purchasing an additional 21,739 shares in the last quarter. Cerity Partners LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.8% in the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after purchasing an additional 17,264 shares in the last quarter. Finally, Quotient Wealth Partners LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1.3% during the fourth quarter. Quotient Wealth Partners LLC now owns 1,013,519 shares of the company’s stock worth $89,990,000 after purchasing an additional 12,622 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $92.99 on Friday. 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. The firm has a market capitalization of $27.25 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock’s fifty day moving average is $90.69 and its two-hundred day moving average is $90.88.

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.