Altus Wealth Group LLC Sells 3,853 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Altus Wealth Group LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,414 shares of the company’s stock after selling 3,853 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.9% of Altus Wealth Group LLC’s portfolio, making the stock its 12th largest holding. Altus Wealth Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of USMV. Raymond James Financial Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth $1,176,338,000. Lockheed Martin Investment Management Co. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $62,801,000. LPL Financial LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6,039.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock valued at $25,371,000 after acquiring an additional 281,084 shares during the period. Finally, Independent Advisor Alliance purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth approximately $17,861,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 3.9 %

BATS USMV opened at $92.09 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The company’s 50 day moving average is $91.87 and its two-hundred day moving average is $91.60.

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.