Envestnet Asset Management Inc. lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 19.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,762,161 shares of the company’s stock after selling 924,803 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $357,932,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Avion Wealth lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the period. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth $35,000. Finally, Phillips Financial Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $46,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%
USMV stock opened at $95.08 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The firm has a 50-day simple moving average of $94.56 and a 200-day simple moving average of $94.12. The stock has a market capitalization of $24.26 billion, a P/E ratio of 22.90 and a beta of 0.72.
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.
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