Lowe Wealth Advisors LLC Has $20.13 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Lowe Wealth Advisors LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,763 shares of the company’s stock after selling 5,158 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 8.6% of Lowe Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. Lowe Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $20,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 97.0% during the 2nd quarter. Savant Capital LLC now owns 9,857 shares of the company’s stock worth $828,000 after purchasing an additional 4,854 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at $35,000. Headlands Technologies LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $30,000. New England Private Wealth Advisors LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% during the second quarter. New England Private Wealth Advisors LLC now owns 97,985 shares of the company’s stock valued at $8,227,000 after acquiring an additional 889 shares in the last quarter. Finally, Wealthgarden F.S. LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $534,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV traded up $0.55 during trading hours on Friday, hitting $89.00. The stock had a trading volume of 1,745,776 shares. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The company has a 50 day simple moving average of $91.48 and a two-hundred day simple moving average of $89.70.

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.