Hobbs Group Advisors LLC Sells 3,269 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Hobbs Group Advisors LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.0% in the second quarter, HoldingsChannel reports. The firm owned 62,771 shares of the company’s stock after selling 3,269 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 2.0% of Hobbs Group Advisors LLC’s portfolio, making the stock its 12th biggest holding. Hobbs Group Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,892,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after acquiring an additional 51,463 shares during the last quarter. LPL Financial LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after acquiring an additional 190,680 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,605,177 shares of the company’s stock worth $431,321,000 after acquiring an additional 112,814 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after acquiring an additional 568,565 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after acquiring an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $94.01 on Friday. The company has a 50-day simple moving average of $94.00 and a 200-day simple moving average of $92.88. The firm has a market capitalization of $23.99 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week 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.