Valley Wealth Managers Inc. Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

Valley Wealth Managers Inc. decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 99.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,404 shares of the company’s stock after selling 134,518 shares during the quarter. Valley Wealth Managers Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% in the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock worth $4,207,000 after purchasing an additional 4,045 shares during the period. Insight Inv LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $1,083,000. Dynasty Wealth Management LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% during the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after purchasing an additional 84,969 shares during the last quarter. Cynosure Group LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 16.8% in the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after buying an additional 6,104 shares in the last quarter. Finally, Forefront Wealth Partners LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $4,341,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.1%

BATS:USMV opened at $94.97 on Friday. The stock has a 50 day moving average of $94.52 and a two-hundred day moving average of $94.06. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The firm has a market cap of $24.24 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.