iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Wealth Management Resources Inc.

Wealth Management Resources Inc. reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 136,092 shares of the company’s stock after selling 4,154 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 4.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 9th biggest holding. Wealth Management Resources Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $12,775,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of USMV. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after buying an additional 3,352,591 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at approximately $130,668,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after buying an additional 568,565 shares during the period. Truist Financial Corp lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% in the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after buying an additional 436,281 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 400.2% in the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock valued at $50,436,000 after buying an additional 430,843 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $94.01 on Friday. The stock has a fifty day moving average price of $94.00 and a 200 day moving average price of $92.88. The stock has a market cap of $23.99 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12.

iShares MSCI USA Min Vol Factor ETF 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.