Institute for Wealth Management LLC. Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Institute for Wealth Management LLC. cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,367 shares of the company’s stock after selling 851 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $887,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in iShares MSCI USA Min Vol Factor ETF by 7.8% in the first quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock worth $646,000 after buying an additional 594 shares during the last quarter. Blair William & Co. IL raised its position in iShares MSCI USA Min Vol Factor ETF by 1.7% in the 1st quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock worth $7,417,000 after buying an additional 1,612 shares during the last quarter. AJ Wealth Strategies LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 4.4% during the 1st quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock valued at $104,618,000 after acquiring an additional 57,434 shares during the period. Founders Financial Securities LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 27.0% during the 1st quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock valued at $6,887,000 after acquiring an additional 18,853 shares during the last quarter. Finally, West Michigan Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% in the first quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock worth $975,000 after acquiring an additional 719 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

Shares of USMV stock opened at $80.50 on Friday. The stock has a market capitalization of $23.54 billion, a P/E ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The firm’s 50 day moving average is $81.72 and its 200 day moving average is $78.10.

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.