Valmark Advisers Inc. Sells 32,849 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Valmark Advisers Inc. lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,946 shares of the company’s stock after selling 32,849 shares during the period. Valmark Advisers Inc. owned 0.07% of iShares MSCI USA Min Vol Factor ETF worth $16,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hibernia Wealth Partners LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 66.1% during the fourth quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after buying an additional 25,216 shares in the last quarter. Western Wealth Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 28.4% in the 4th quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after acquiring an additional 16,434 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock valued at $8,819,000 after acquiring an additional 8,469 shares in the last quarter. Chatterton & Associates Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $851,000. Finally, Dara Capital US Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $542,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV traded up $0.16 on Friday, reaching $97.76. The company had a trading volume of 1,808,736 shares, compared to its average volume of 2,501,746. The business has a 50 day simple moving average of $95.84 and a 200 day simple moving average of $95.10. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73.

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.