Hershey Financial Advisers LLC Cuts Position in iShares MSCI USA Min Vol Factor ETF $USMV

Hershey Financial Advisers LLC reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 29.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,624 shares of the company’s stock after selling 5,282 shares during the period. Hershey Financial Advisers LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,171,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Morgan Stanley increased its position in iShares MSCI USA Min Vol Factor ETF by 3.2% during the 4th quarter. Morgan Stanley now owns 15,236,841 shares of the company’s stock worth $1,434,701,000 after purchasing an additional 465,870 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 1.9% during the fourth quarter. Raymond James Financial Inc. now owns 13,773,118 shares of the company’s stock valued at $1,296,877,000 after buying an additional 251,970 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock valued at $659,752,000 after buying an additional 145,843 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 13.0% during the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after buying an additional 489,637 shares in the last quarter. Finally, UBS Group AG grew its stake in iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock worth $337,364,000 after buying an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5%

iShares MSCI USA Min Vol Factor ETF stock opened at $96.60 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73. The firm has a fifty day moving average of $96.10 and a 200-day moving average of $95.16. The firm has a market capitalization of $24.65 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.