HighTower Advisors LLC Sells 28,993 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

HighTower Advisors LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 710,775 shares of the company’s stock after selling 28,993 shares during the period. HighTower Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $63,110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of USMV. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $28,000. AlphaMark Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $30,000. Valued Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in 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 valued at $32,000 after acquiring an additional 143 shares during the period. Finally, Crews Bank & Trust bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 2.9 %

iShares MSCI USA Min Vol Factor ETF stock opened at $91.22 on Thursday. The stock has a market cap of $23.18 billion, a P/E ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The company’s 50-day moving average price is $91.76 and its two-hundred day moving average price is $91.58.

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.