Cornerstone Wealth Management LLC Sells 20,145 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Cornerstone Wealth Management LLC decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 233,547 shares of the company’s stock after selling 20,145 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises approximately 0.9% of Cornerstone Wealth Management LLC’s holdings, making the stock its 16th largest position. Cornerstone Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $22,757,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Cassia Capital Partners LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.6% in the third quarter. Cassia Capital Partners LLC now owns 240,919 shares of the company’s stock valued at $23,484,000 after buying an additional 3,873 shares in the last quarter. Welch & Forbes LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the third quarter. Welch & Forbes LLC now owns 19,535 shares of the company’s stock worth $1,903,000 after acquiring an additional 419 shares in the last quarter. AlphaCore Capital LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.5% during the third quarter. AlphaCore Capital LLC now owns 58,198 shares of the company’s stock worth $5,671,000 after acquiring an additional 313 shares in the last quarter. Syntax Research Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.1% in the 3rd quarter. Syntax Research Inc. now owns 119,074 shares of the company’s stock worth $11,603,000 after acquiring an additional 5,786 shares during the last quarter. Finally, Burton Enright Welch acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $2,463,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $103.21 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $104.75. The firm has a market capitalization of $24.16 billion, a PE ratio of 23.08 and a beta of 0.63. The company’s 50-day moving average is $100.63 and its 200 day moving average is $97.29.

iShares MSCI USA Min Vol Factor ETF Company 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.