Founders Financial Securities LLC Cuts Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Founders Financial Securities LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 17.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,485 shares of the company’s stock after selling 31,283 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 0.9% of Founders Financial Securities LLC’s investment portfolio, making the stock its 22nd largest position. Founders Financial Securities LLC owned about 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,125,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Becker Capital Management Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $569,000. Hibernia Wealth Partners LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 66.1% during the 4th quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after purchasing an additional 25,216 shares in the last quarter. Western Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 28.4% during the 4th quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock worth $6,992,000 after purchasing an additional 16,434 shares in the last quarter. Chatterton & Associates Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $851,000. Finally, Concurrent Investment Advisors LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 9.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock valued at $8,819,000 after buying an additional 8,469 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV stock opened at $94.24 on Friday. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07. The firm’s 50 day moving average price is $95.04 and its two-hundred day moving average price is $94.85.

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.