iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 15.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,154 shares of the company’s stock after selling 1,518 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 0.7% of Joel Adams & Associates Inc.’s holdings, making the stock its 24th biggest position. Joel Adams & Associates Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $764,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $1,176,338,000. Wealth Enhancement Advisory Services LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock valued at $620,423,000 after buying an additional 3,352,591 shares during the period. LPL Financial LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after buying an additional 328,291 shares during the period. Catalyst Capital Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 2.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 3,755,502 shares of the company’s stock valued at $351,740,000 after buying an additional 104,095 shares during the period. Finally, Assetmark Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 0.6% in the 4th 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 during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $91.76 on Monday. The stock has a market capitalization of $23.53 billion, a P/E ratio of 24.27 and a beta of 0.72. The company’s fifty day moving average is $92.28 and its two-hundred day moving average is $91.67. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.55 and a 1 year high of $95.12.

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.