iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 8.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,297 shares of the company’s stock after selling 3,193 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,040,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Salem Investment Counselors Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 30.5% in the first quarter. Salem Investment Counselors Inc. now owns 1,953 shares of the company’s stock worth $163,000 after buying an additional 456 shares during the period. Ballentine Partners LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth approximately $306,000. Anderson Hoagland & Co. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the first quarter. Anderson Hoagland & Co. now owns 140,610 shares of the company’s stock worth $11,461,000 after purchasing an additional 1,270 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 217.4% in the first quarter. Global Trust Asset Management LLC now owns 1,095 shares of the company’s stock worth $92,000 after purchasing an additional 750 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth approximately $6,717,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $92.85 on Friday. The company has a 50 day simple moving average of $90.55 and a 200-day simple moving average of $85.87. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

iShares MSCI USA Min Vol Factor ETF 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.