iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 75,914 shares of the company’s stock after selling 563 shares during the period. L. Roy Papp & Associates LLP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 7.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 7,185 shares of the company’s stock worth $607,000 after purchasing an additional 477 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in iShares MSCI USA Min Vol Factor ETF by 1.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 101,507 shares of the company’s stock worth $9,269,000 after purchasing an additional 1,934 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $15,482,000. Trueblood Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $220,000. Finally, Silver Oak Securities Incorporated lifted its stake in iShares MSCI USA Min Vol Factor ETF by 57.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 31,510 shares of the company’s stock valued at $2,869,000 after acquiring an additional 11,535 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.6 %

BATS USMV traded down $0.57 on Friday, hitting $91.00. 1,034,956 shares of the company’s stock traded hands. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The firm’s 50-day moving average price is $91.06 and its two-hundred day moving average price is $86.29. The firm has a market capitalization of $26.66 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.