Alterna Wealth Management Inc. Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Alterna Wealth Management Inc. trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,132 shares of the company’s stock after selling 1,506 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up about 1.0% of Alterna Wealth Management Inc.’s holdings, making the stock its 29th largest holding. Alterna Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ergawealth Advisors Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.5% during the fourth quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock worth $2,207,000 after buying an additional 696 shares during the period. EWA LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 9.2% during the fourth quarter. EWA LLC now owns 115,354 shares of the company’s stock worth $9,269,000 after purchasing an additional 9,725 shares during the period. White Pine Investment CO lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock worth $11,894,000 after purchasing an additional 668 shares in the last quarter. Investment Advisory Group LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the fourth quarter. Investment Advisory Group LLC now owns 70,236 shares of the company’s stock valued at $5,481,000 after purchasing an additional 1,263 shares during the period. Finally, Confluence Wealth Services Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $4,176,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.6 %

USMV traded up $0.47 during trading hours on Friday, hitting $81.11. 2,356,724 shares of the company’s stock were exchanged. The firm has a market cap of $23.77 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. The firm has a 50 day moving average of $81.78 and a 200 day moving average of $78.71.

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.