MGB Wealth Management LLC Sells 680 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

MGB Wealth Management LLC cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,297 shares of the company’s stock after selling 680 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.8% of MGB Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. MGB Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jim Saulnier & Associates LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $221,000. Kingsview Wealth Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 117.8% during the third quarter. Kingsview Wealth Management LLC now owns 60,996 shares of the company’s stock valued at $5,570,000 after buying an additional 32,987 shares during the last quarter. Cerity Partners LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the third quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock valued at $194,871,000 after buying an additional 17,264 shares during the last quarter. Optivise Advisory Services LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $499,000. Finally, Meridian Wealth Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.3% during the third quarter. Meridian Wealth Management LLC now owns 6,308 shares of the company’s stock valued at $576,000 after buying an additional 258 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $93.46 on Friday. The stock has a market capitalization of $27.38 billion, a PE ratio of 25.30 and a beta of 0.59. The business’s fifty day moving average is $91.64 and its 200 day moving average is $87.79. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year 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.