9,056 iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 18.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 40,962 shares of the company’s stock after selling 9,056 shares during the period. Fragasso Financial Advisors Inc’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Catalyst Capital Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 13.0% in the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after purchasing an additional 489,637 shares during the period. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% during the first quarter. Cetera Investment Advisers now owns 2,162,456 shares of the company’s stock worth $200,546,000 after purchasing an additional 39,289 shares during the last quarter. Sei Investments Co. grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.9% in the first quarter. Sei Investments Co. now owns 1,560,042 shares of the company’s stock valued at $144,677,000 after purchasing an additional 28,733 shares during the period. Focus Partners Wealth raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 9.0% in the 4th quarter. Focus Partners Wealth now owns 1,225,619 shares of the company’s stock worth $115,410,000 after buying an additional 100,701 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 99.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after buying an additional 569,762 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock traded down $0.12 during trading hours on Tuesday, reaching $100.61. The company had a trading volume of 351,356 shares, compared to its average volume of 2,280,248. The company has a market capitalization of $25.67 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $102.21. The stock’s fifty day simple moving average is $99.99 and its 200 day simple moving average is $97.02.

iShares MSCI USA Min Vol Factor ETF 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.