Meridian Wealth Advisors LLC Lowers Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Meridian Wealth Advisors LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,026 shares of the company’s stock after selling 2,019 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.8% of Meridian Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position. Meridian Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USMV. VSM Wealth Advisory LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $27,000. Stonebridge Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $28,000. AlphaMark Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $30,000. Valued Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $30,000. Finally, Sound Income Strategies LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after purchasing an additional 143 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $92.29 on Friday. The stock has a 50-day moving average price of $92.25 and a 200-day moving average price of $91.66. The firm has a market cap of $24.09 billion, a PE ratio of 24.03 and a beta of 0.77. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $79.69 and a 1 year high of $95.12.

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.