Financial Management Network Inc. Has $535,000 Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Management Network Inc. lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,999 shares of the company’s stock after selling 146 shares during the period. Financial Management Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $535,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.1% in the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after purchasing an additional 111 shares during the period. Anchor Investment Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock valued at $181,000 after acquiring an additional 112 shares during the period. Mcdonald Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the 4th quarter. Mcdonald Partners LLC now owns 14,625 shares of the company’s stock valued at $1,299,000 after acquiring an additional 125 shares during the period. Aveo Capital Partners LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the 4th quarter. Aveo Capital Partners LLC now owns 3,598 shares of the company’s stock valued at $319,000 after acquiring an additional 129 shares during the period. Finally, Investment Partners Asset Management Inc. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the 4th quarter. Investment Partners Asset Management Inc. now owns 9,309 shares of the company’s stock valued at $827,000 after acquiring an additional 137 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $93.15 on Wednesday. The stock has a fifty day moving average price of $90.69 and a 200-day moving average price of $90.94. The company has a market cap of $27.29 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. 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.