Wharton Business Group LLC Has $6.64 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Wharton Business Group LLC cut its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,742 shares of the company’s stock after selling 1,213 shares during the period. Wharton Business Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of USMV. Trueblood Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $220,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $15,482,000. J.W. Cole Advisors Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.9% in the third quarter. J.W. Cole Advisors Inc. now owns 101,507 shares of the company’s stock valued at $9,269,000 after purchasing an additional 1,934 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 7.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 7,185 shares of the company’s stock worth $607,000 after buying an additional 477 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.7% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,870 shares of the company’s stock worth $1,358,000 after buying an additional 532 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $93.06 on Monday. The firm has a market cap of $27.27 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $47.44 and a 52 week high of $55.45. The firm’s 50-day simple moving average is $90.80 and its 200 day simple moving average is $91.16.

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.