Financial Life Advisors Sells 3,019 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Life Advisors cut its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,627 shares of the company’s stock after selling 3,019 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 2.2% of Financial Life Advisors’ portfolio, making the stock its 17th biggest holding. Financial Life Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cherry Tree Wealth Management LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 17,305 shares of the company’s stock valued at $1,350,000 after purchasing an additional 160 shares in the last quarter. ARS Wealth Advisors Group LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 4.5% in the fourth quarter. ARS Wealth Advisors Group LLC now owns 511,936 shares of the company’s stock valued at $39,946,000 after purchasing an additional 22,057 shares in the last quarter. Ergawealth Advisors Inc. grew its stake in iShares MSCI USA Min Vol Factor ETF by 2.5% in the fourth quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock valued at $2,207,000 after purchasing an additional 696 shares in the last quarter. EWA LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 9.2% in the fourth quarter. EWA LLC now owns 115,354 shares of the company’s stock valued at $9,269,000 after purchasing an additional 9,725 shares in the last quarter. Finally, White Pine Investment CO grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% in the fourth quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock valued at $11,894,000 after purchasing an additional 668 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.1 %

Shares of BATS USMV traded down $0.09 during midday trading on Monday, hitting $83.96. 1,716,180 shares of the company’s stock were exchanged. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45. The company’s 50 day moving average price is $82.73 and its 200 day moving average price is $81.20. The firm has a market capitalization of $24.60 billion, a PE ratio of 25.30 and a beta of 0.59.

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.