Silver Oak Securities Incorporated Sells 24,072 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Silver Oak Securities Incorporated lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 75.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,835 shares of the company’s stock after selling 24,072 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $727,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of USMV. Frankly Finances LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $25,000. Investors Research Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $26,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $29,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $29,000. Finally, Ankerstar Wealth LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $31,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.2%

Shares of USMV stock opened at $95.99 on Friday. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $91.02 and a 12 month high of $98.07. The stock has a 50-day moving average price of $95.18 and a 200 day moving average price of $94.86.

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.