Concourse Financial Group Securities Inc. Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Concourse Financial Group Securities Inc. lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,910 shares of the company’s stock after selling 696 shares during the period. Concourse Financial Group Securities Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. VSM Wealth Advisory LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $27,000. Howe & Rusling Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 94.2% in the fourth quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after buying an additional 146 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth approximately $28,000. AlphaMark Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $30,000. Finally, Valued Wealth Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $30,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV opened at $90.00 on Friday. The firm has a market cap of $23.05 billion, a PE ratio of 24.22 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a one year low of $80.05 and a one year high of $95.12. The firm has a fifty day moving average of $91.98 and a 200 day moving average of $91.60.

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.