Smart Money Group LLC Has $7.52 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Smart Money Group LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,713 shares of the company’s stock after selling 726 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 2.6% of Smart Money Group LLC’s investment portfolio, making the stock its 8th biggest holding. Smart Money Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,522,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.1% in the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after buying an additional 111 shares during the period. Anchor Investment Management LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after purchasing an additional 112 shares in the last quarter. Asset Dedication LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock worth $765,000 after purchasing an additional 121 shares during the period. Sensible Money LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.4% in the third quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after purchasing an additional 121 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 4.8% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock worth $244,000 after purchasing an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.4 %

USMV stock opened at $89.87 on Monday. The company’s 50-day moving average price is $91.16 and its two-hundred day moving average price is $89.98. The firm has a market cap of $26.33 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $47.44 and a 12 month high of $55.45.

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.