Geneos Wealth Management Inc. Decreases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Geneos Wealth Management Inc. decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 549,626 shares of the company’s stock after selling 11,000 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 1.3% of Geneos Wealth Management Inc.’s holdings, making the stock its 4th largest holding. Geneos Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $52,291,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of USMV. Avion Wealth lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares in the last quarter. Chapman Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at approximately $29,000. Flaharty Asset Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at approximately $30,000. Phillips Financial Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $46,000. Finally, Howe & Rusling Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 141.8% in the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $93.97 on Tuesday. The firm has a market cap of $23.98 billion, a P/E 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. The company has a 50 day simple moving average of $94.05 and a two-hundred day simple moving average of $93.88.

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.