Envestnet Asset Management Inc. Sells 924,803 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Envestnet Asset Management Inc. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,762,161 shares of the company’s stock after selling 924,803 shares during the period. Envestnet Asset Management Inc. owned approximately 1.47% of iShares MSCI USA Min Vol Factor ETF worth $357,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock worth $1,249,883,000 after acquiring an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock valued at $650,670,000 after purchasing an additional 156,234 shares in the last quarter. Millburn Ridgefield LLC DE raised its stake in iShares MSCI USA Min Vol Factor ETF by 5.4% during the 3rd quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock valued at $357,057,000 after purchasing an additional 190,646 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% during the second quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after buying an additional 452,184 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 2,202,341 shares of the company’s stock worth $206,734,000 after purchasing an additional 16,746 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%

iShares MSCI USA Min Vol Factor ETF stock opened at $95.08 on Thursday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company’s 50-day moving average price is $94.56 and its 200-day moving average price is $94.12. The company has a market cap of $24.26 billion, a PE 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.