Sowell Financial Services LLC lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,917 shares of the company’s stock after selling 320 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,493,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $28,000. AlphaMark Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $30,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $30,000. Sound Income Strategies LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares during the last quarter. Finally, Arrow Financial Corp bought a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $45,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 5.9 %
Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.84 on Friday. The stock has a market cap of $23.85 billion, a P/E ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The business’s 50 day moving average is $91.57 and its 200-day moving average is $91.54.
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.
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