Wells Financial Advisors INC Has $5.15 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Wells Financial Advisors INC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,908 shares of the company’s stock after selling 6,229 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 7.1% of Wells Financial Advisors INC’s investment portfolio, making the stock its 3rd biggest position. Wells Financial Advisors INC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USMV. Wealth Enhancement Advisory Services LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 102.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after purchasing an additional 3,352,591 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $130,668,000. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 568,565 shares during the last quarter. Truist Financial Corp lifted its stake 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 acquiring an additional 436,281 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake 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 acquiring an additional 430,843 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $94.01 on Monday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The stock has a market capitalization of $23.99 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock has a fifty day moving average of $94.00 and a 200-day moving average of $92.87.

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.