144,910 iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Csenge Advisory Group

Csenge Advisory Group lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 75,461 shares of the company’s stock after selling 144,910 shares during the period. Csenge Advisory Group’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cassia Capital Partners LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.6% during the third quarter. Cassia Capital Partners LLC now owns 240,919 shares of the company’s stock worth $23,484,000 after acquiring an additional 3,873 shares in the last quarter. Welch & Forbes LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 2.2% in the third quarter. Welch & Forbes LLC now owns 19,535 shares of the company’s stock valued at $1,903,000 after purchasing an additional 419 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.5% in the 3rd quarter. AlphaCore Capital LLC now owns 58,198 shares of the company’s stock valued at $5,671,000 after buying an additional 313 shares in the last quarter. Syntax Research Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 5.1% in the third quarter. Syntax Research Inc. now owns 119,074 shares of the company’s stock worth $11,603,000 after acquiring an additional 5,786 shares in the last quarter. Finally, Burton Enright Welch bought a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter worth $2,463,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.2%

Shares of BATS:USMV opened at $103.21 on Wednesday. The stock has a market capitalization of $24.16 billion, a PE ratio of 23.08 and a beta of 0.63. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $91.02 and a 1 year high of $104.75. The firm has a fifty day moving average price of $100.63 and a 200 day moving average price of $97.29.

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.