458,677 iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Lido Advisors LLC

Lido Advisors LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 60.6% in the third quarter, Holdings Channel reports. The fund owned 298,423 shares of the company’s stock after selling 458,677 shares during the quarter. Lido Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $29,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. NFSG Corp boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 134.6% in the 3rd quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after purchasing an additional 210 shares in the last quarter. Heritage Family Offices LLP bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at approximately $37,000. Beacon Financial Strategies CORP acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $42,000. Next Level Wealth Planning LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $71,000. Finally, MADDEN SECURITIES Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $74,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $103.21 on Wednesday. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 23.08 and a beta of 0.63. The firm has a 50 day simple moving average of $100.63 and a 200 day simple moving average of $97.29. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $104.75.

About iShares MSCI USA Min Vol Factor ETF

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.