iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,207 shares of the company’s stock after selling 9,912 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for about 1.1% of Legacy Financial Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Legacy Financial Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $1,176,338,000. LPL Financial LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% during the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after acquiring an additional 328,291 shares in the last quarter. Millburn Ridgefield Corp boosted its position in shares of 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 valued at $324,208,000 after acquiring an additional 180,849 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock valued at $294,542,000 after buying an additional 21,739 shares in the last quarter. Finally, Assetmark Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 0.6% in the fourth quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock valued at $142,627,000 after buying an additional 10,270 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $89.37 on Thursday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $79.69 and a fifty-two week high of $95.12. The company has a market cap of $22.89 billion, a price-to-earnings ratio of 24.22 and a beta of 0.74. The firm has a 50 day simple moving average of $92.35 and a 200 day simple moving average of $91.65.

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.