Essex Financial Services Inc. Cuts Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Essex Financial Services Inc. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,120 shares of the company’s stock after selling 1,227 shares during the period. Essex Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $30,000. Valued Wealth Advisors LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at $30,000. Sound Income Strategies LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after buying an additional 143 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $38,000. Finally, Bfsg LLC lifted its holdings 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 worth $39,000 after buying an additional 228 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV opened at $93.08 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The company has a market cap of $27.27 billion, a P/E ratio of 25.30 and a beta of 0.59. The business’s 50-day simple moving average is $90.76 and its 200-day simple moving average is $90.66.

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.