Financial Advisors LLC Sells 2,820 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Advisors LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,081,490 shares of the company’s stock after selling 2,820 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 18.9% of Financial Advisors LLC’s portfolio, making the stock its biggest position. Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $84,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keener Financial Planning LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $26,000. Horrell Capital Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $27,000. Global Trust Asset Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $27,000. M&R Capital Management Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $34,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $42,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.4 %

Shares of BATS:USMV traded down $0.29 during midday trading on Friday, hitting $80.93. The stock had a trading volume of 2,421,659 shares. The company has a market capitalization of $23.66 billion, a PE ratio of 25.31 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a 50 day moving average price of $81.80 and a two-hundred day moving average price of $78.45.

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.