iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Brown Wealth Management LLC

Brown Wealth Management LLC cut its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,724 shares of the company’s stock after selling 1,011 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises 1.0% of Brown Wealth Management LLC’s holdings, making the stock its 26th biggest position. Brown Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at approximately $130,668,000. JPMorgan Chase & Co. increased its position in iShares MSCI USA Min Vol Factor ETF by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after acquiring an additional 568,565 shares during the period. Cetera Investment Advisers increased its position in iShares MSCI USA Min Vol Factor ETF by 26.3% in the 2nd quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after acquiring an additional 445,896 shares during the period. Truist Financial Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 147.7% during the 2nd quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock valued at $68,678,000 after acquiring an additional 436,281 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in iShares MSCI USA Min Vol Factor ETF by 400.2% during the 1st quarter. Russell Investments Group Ltd. now owns 538,501 shares of the company’s stock worth $50,436,000 after acquiring an additional 430,843 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $93.67 on Wednesday. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The business has a fifty day moving average of $94.09 and a 200-day moving average of $93.55.

iShares MSCI USA Min Vol Factor ETF Company 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.