Spire Wealth Management Trims Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Spire Wealth Management lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 62.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,644 shares of the company’s stock after selling 34,950 shares during the quarter. Spire Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of USMV. Avion Wealth grew its stake in iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares in the last quarter. Chapman Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $29,000. Flaharty Asset Management LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at $30,000. Phillips Financial Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $46,000. Finally, Howe & Rusling Inc. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 141.8% during the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.6%

Shares of BATS USMV opened at $94.51 on Friday. The company has a market cap of $24.12 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The business has a 50-day simple moving average of $94.11 and a two-hundred day simple moving average of $93.91.

About iShares MSCI USA Min Vol Factor ETF

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.