Financial Management Network Inc. Reduces Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Management Network Inc. decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,145 shares of the company’s stock after selling 179 shares during the quarter. Financial Management Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $30,000. Gleason Group Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $32,000. Hantz Financial Services Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $33,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth approximately $35,000. Finally, Bfsg LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after buying an additional 228 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.4 %

BATS:USMV traded down $0.33 during trading hours on Friday, hitting $91.57. 1,357,776 shares of the stock traded hands. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The company has a market cap of $26.83 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock has a 50 day moving average price of $91.02 and a 200 day moving average price of $86.20.

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.