IFP Advisors Inc Has $2.75 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

IFP Advisors Inc decreased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,982 shares of the company’s stock after selling 756 shares during the quarter. IFP Advisors Inc’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,905,008 shares of the company’s stock valued at $904,426,000 after purchasing an additional 91,948 shares during the period. LPL Financial LLC boosted its position in 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. Millburn Ridgefield Corp boosted its position in iShares MSCI USA Min Vol Factor ETF by 5.2% during the 4th quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after acquiring an additional 180,849 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after acquiring an additional 21,739 shares during the period. Finally, Cerity Partners LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.8% during the 3rd quarter. Cerity Partners LLC now owns 2,134,175 shares of the company’s stock worth $194,871,000 after acquiring an additional 17,264 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.1 %

Shares of BATS USMV opened at $94.09 on Wednesday. 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 $23.91 billion, a PE ratio of 24.43 and a beta of 0.79. The business has a 50-day moving average price of $90.85 and a two-hundred day moving average price of $91.21.

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.