Ellis Investment Partners LLC Reduces Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ellis Investment Partners LLC lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,329 shares of the company’s stock after selling 1,668 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,043,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $30,000. Gleason Group Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $35,000. Finally, Bfsg LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% during the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.6 %

Shares of iShares MSCI USA Min Vol Factor ETF stock traded down $0.57 on Friday, hitting $91.00. 1,034,956 shares of the company traded hands. The company has a market cap of $26.66 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The stock’s 50 day moving average price is $91.06 and its 200-day moving average price is $86.29.

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.