Financial Life Advisors Has $1.34 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Life Advisors lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.9% during the 4th quarter, HoldingsChannel reports. The firm owned 15,069 shares of the company’s stock after selling 3,068 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 0.5% of Financial Life Advisors’ holdings, making the stock its 23rd biggest position. Financial Life Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of USMV. Lockheed Martin Investment Management Co. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth $62,801,000. LPL Financial LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 6.9% during the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after acquiring an additional 346,414 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $16,911,000. World Investment Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% in the third 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $15,482,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.6 %

Shares of BATS:USMV opened at $92.73 on Friday. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The business has a 50 day moving average price of $90.76 and a 200 day moving average price of $90.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.