iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Stake Reduced by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 583,769 shares of the company’s stock after selling 27,436 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 8.8% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Legacy Financial Advisors Inc. owned 0.15% of iShares MSCI USA Min Vol Factor ETF worth $45,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in USMV. Keener Financial Planning LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $26,000. Horrell Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $34,000. Finally, Criterion Capital Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $42,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock traded up $0.47 on Friday, reaching $81.11. 2,356,724 shares of the company traded hands. The firm has a fifty day simple moving average of $81.78 and a 200-day simple moving average of $78.71. The company has a market cap of $23.77 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.

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.