Ade LLC Lowers Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Ade LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,154 shares of the company’s stock after selling 2,703 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up about 2.4% of Ade LLC’s portfolio, making the stock its 11th largest holding. Ade LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,520,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of USMV. Bank of Montreal Can grew its stake in iShares MSCI USA Min Vol Factor ETF by 9.9% in the 2nd quarter. Bank of Montreal Can now owns 44,819 shares of the company’s stock valued at $4,207,000 after acquiring an additional 4,045 shares during the period. Accurate Wealth Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $203,000. Symmetry Partners LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 10.1% during the second quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock valued at $24,703,000 after purchasing an additional 24,219 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $283,000. Finally, Allworth Financial LP increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 30.1% during the second quarter. Allworth Financial LP now owns 78,585 shares of the company’s stock worth $7,377,000 after purchasing an additional 18,167 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.1%

USMV opened at $93.20 on Thursday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company has a 50-day moving average price of $94.08 and a 200 day moving average price of $93.54. The company has a market cap of $23.78 billion, a PE ratio of 22.90 and a beta of 0.72.

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.