Axxcess Wealth Management LLC Has $6.77 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Axxcess Wealth Management LLC lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,212 shares of the company’s stock after selling 5,823 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USMV. Raymond James Financial Inc. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $1,176,338,000. Lockheed Martin Investment Management Co. bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth $62,801,000. LPL Financial LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% in the third quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock worth $489,205,000 after purchasing an additional 346,414 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6,039.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 285,738 shares of the company’s stock worth $25,371,000 after purchasing an additional 281,084 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth $17,861,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 5.2 %

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.26 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $79.69 and a twelve month high of $95.12. The stock has a market cap of $24.34 billion, a price-to-earnings ratio of 24.03 and a beta of 0.77. The company’s fifty day moving average is $91.95 and its 200 day moving average is $91.62.

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.