Altus Wealth Group LLC Sells 17,303 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Altus Wealth Group LLC lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 22.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,754 shares of the company’s stock after selling 17,303 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 2.5% of Altus Wealth Group LLC’s holdings, making the stock its 11th largest position. Altus Wealth Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MA Private Wealth increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.4% in the 2nd quarter. MA Private Wealth now owns 275,741 shares of the company’s stock valued at $23,151,000 after buying an additional 1,231 shares during the last quarter. Journey Advisory Group LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.1% in the second quarter. Journey Advisory Group LLC now owns 238,304 shares of the company’s stock valued at $20,008,000 after purchasing an additional 7,082 shares during the period. New World Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 3.9% during the second quarter. New World Advisors LLC now owns 3,447 shares of the company’s stock worth $289,000 after acquiring an additional 130 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 26.2% in the 2nd quarter. Belpointe Asset Management LLC now owns 7,978 shares of the company’s stock valued at $670,000 after purchasing an additional 1,655 shares during the period. Finally, Larson Financial Group LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 29.1% during the second quarter. Larson Financial Group LLC now owns 1,323 shares of the company’s stock worth $111,000 after acquiring an additional 298 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.7 %

Shares of USMV stock opened at $90.22 on Friday. The stock has a market cap of $26.43 billion, a P/E ratio of 25.30 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 simple moving average of $86.99 and a 200 day simple moving average of $83.93.

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.