Csenge Advisory Group Cuts Position in iShares MSCI USA Min Vol Factor ETF $USMV

Csenge Advisory Group lessened its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.8% during the second quarter, Holdings Channel.com reports. The firm owned 66,350 shares of the company’s stock after selling 1,246 shares during the quarter. Csenge Advisory Group’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after purchasing an additional 51,463 shares during the period. LPL Financial LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 3.4% in the first quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after purchasing an additional 190,680 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after buying an additional 81,787 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% during the first 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 last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 10.7% during the first quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock valued at $228,646,000 after buying an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.7%

BATS:USMV opened at $92.81 on Wednesday. The company’s 50 day moving average price is $94.19 and its 200-day moving average price is $93.37. 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 cap of $23.69 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.