Joseph Group Capital Management Sells 469 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Joseph Group Capital Management reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,330 shares of the company’s stock after selling 469 shares during the period. Joseph Group Capital Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $578,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $30,000. Gleason Group Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $32,000. Hantz Financial Services Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $35,000. Finally, Fortitude Family Office LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $38,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $91.49 on Tuesday. The company’s 50 day simple moving average is $91.47 and its two-hundred day simple moving average is $87.49. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a market capitalization of $26.81 billion, a PE ratio of 25.30 and a beta of 0.59.

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.