Center For Asset Management LLC Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Center For Asset Management LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,275 shares of the company’s stock after selling 1,327 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up approximately 1.0% of Center For Asset Management LLC’s portfolio, making the stock its 28th largest position. Center For Asset Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,534,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in USMV. Carrera Capital Advisors purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $33,148,000. LPL Financial LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after acquiring an additional 346,414 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $18,422,000. Magnolia Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 867.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 219,897 shares of the company’s stock worth $18,463,000 after purchasing an additional 197,175 shares during the period. Finally, World Investment Advisors LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 343.1% in the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock valued at $20,534,000 after purchasing an additional 174,130 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 2.6 %

Shares of USMV opened at $90.97 on Monday. The business’s 50 day moving average is $90.96 and its two-hundred day moving average is $90.21. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.