HBW Advisory Services LLC Cuts Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

HBW Advisory Services LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,460 shares of the company’s stock after selling 313 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 17,305 shares of the company’s stock worth $1,350,000 after buying an additional 160 shares in the last quarter. ARS Wealth Advisors Group LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.5% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 511,936 shares of the company’s stock worth $39,946,000 after buying an additional 22,057 shares in the last quarter. Ergawealth Advisors Inc. grew its holdings in shares of 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 during the period. EWA LLC grew its holdings in shares of 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 during the period. Finally, White Pine Investment CO grew its holdings in shares of 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 during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV traded up $0.55 during mid-day trading on Tuesday, reaching $85.50. The stock had a trading volume of 11,539,236 shares. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The business’s fifty day moving average is $84.40 and its 200 day moving average is $82.57. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.