J.W. Cole Advisors Inc. Lowers Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

J.W. Cole Advisors Inc. cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMVFree Report) by 5.8% during the third quarter, Holdings Channel.com reports. The fund owned 102,529 shares of the company’s stock after selling 6,262 shares during the period. J.W. Cole Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USMV. Avion Wealth boosted 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 worth $28,000 after purchasing an additional 143 shares during the period. Chapman Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $29,000. Manning & Napier Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth $30,000. Grey Fox Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at $35,000. Finally, Phillips Financial Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.1%

Shares of USMV stock opened at $94.92 on Wednesday. The company’s fifty day simple moving average is $94.56 and its two-hundred day simple moving average is $94.11. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The stock has a market cap of $24.22 billion, a P/E ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding USMV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI USA Min Vol Factor ETF (BATS:USMVFree Report).

Institutional Ownership by Quarter for iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

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