iShares MSCI USA Min Vol Factor ETF $USMV Stock Position Lowered by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 105,804 shares of the company’s stock after selling 10,820 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 2.6% of MorganRosel Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. MorganRosel Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avion Wealth grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after buying an additional 143 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $29,000. Phillips Financial Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $46,000. Howe & Rusling Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 141.8% in the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $48,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.8%

Shares of BATS USMV opened at $94.63 on Monday. The stock has a fifty day moving average price of $94.13 and a 200 day moving average price of $93.94. The company has a market cap of $24.15 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month 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.