First Heartland Consultants Inc. Sells 389 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

First Heartland Consultants Inc. lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,308 shares of the company’s stock after selling 389 shares during the quarter. First Heartland Consultants Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,691,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in USMV. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at approximately $1,176,338,000. LPL Financial LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock worth $504,852,000 after purchasing an additional 328,291 shares in the last quarter. Millburn Ridgefield Corp grew its holdings 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 in the last quarter. Assetmark Inc. lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the 4th quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock worth $142,627,000 after buying an additional 10,270 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in iShares MSCI USA Min Vol Factor ETF by 8.4% during the 4th quarter. Dynasty Wealth Management LLC now owns 1,203,928 shares of the company’s stock worth $106,897,000 after purchasing an additional 93,543 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.2%

Shares of USMV opened at $94.15 on Wednesday. The company has a market capitalization of $24.41 billion, a PE ratio of 24.27 and a beta of 0.74. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $81.34 and a 52-week high of $95.12. The company has a 50-day simple moving average of $91.47 and a 200-day simple moving average of $91.69.

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.