Silver Oak Securities Incorporated decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 78.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,697 shares of the company’s stock after selling 24,813 shares during the quarter. Silver Oak Securities Incorporated’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $594,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. AlphaMark Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at $30,000. Sound Income Strategies LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 65.0% in the 4th quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after buying an additional 143 shares in the last quarter. Fortitude Family Office LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $38,000. Finally, Bfsg LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 116.9% during the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares during the period.
iShares MSCI USA Min Vol Factor ETF Stock Up 4.6 %
Shares of BATS USMV opened at $92.73 on Friday. The firm’s 50-day moving average price is $90.80 and its 200-day moving average price is $90.55. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The company has a market cap of $27.17 billion, a PE 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.
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