Fiduciary Financial Group LLC Has $1.30 Million Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Fiduciary Financial Group LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 40.4% in the second quarter, HoldingsChannel reports. The firm owned 13,470 shares of the company’s stock after selling 9,140 shares during the period. Fiduciary Financial Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% during the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after acquiring an additional 1,291 shares during the period. Jane Street Group LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 366.3% in the first quarter. Jane Street Group LLC now owns 35,476 shares of the company’s stock worth $3,323,000 after purchasing an additional 27,868 shares during the period. Hsbc Holdings PLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $399,000. First Trust Advisors LP increased its stake in iShares MSCI USA Min Vol Factor ETF by 39.0% in the second quarter. First Trust Advisors LP now owns 7,845 shares of the company’s stock valued at $736,000 after purchasing an additional 2,201 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 465.5% during the second quarter. Qube Research & Technologies Ltd now owns 244,764 shares of the company’s stock valued at $22,976,000 after purchasing an additional 201,483 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1%

Shares of BATS USMV opened at $100.73 on Wednesday. The firm has a market capitalization of $25.71 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm’s 50-day moving average price is $96.95 and its 200-day moving average price is $95.65. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $101.07.

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.