iShares MSCI USA Min Vol Factor ETF $USMV Stock Position Cut by Birchbrook Inc.

Birchbrook Inc. lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 42.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,823 shares of the company’s stock after selling 54,808 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 3.7% of Birchbrook Inc.’s holdings, making the stock its 6th biggest holding. Birchbrook Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,119,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Avion Wealth lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after buying an additional 143 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $29,000. Manning & Napier Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $35,000. Finally, Phillips Financial Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $46,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $95.22 on Thursday. The business has a fifty day moving average price of $94.45 and a 200 day moving average price of $94.04. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The stock has a market capitalization of $24.30 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.