Cyndeo Wealth Partners LLC Cuts Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Cyndeo Wealth Partners LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,535 shares of the company’s stock after selling 5,482 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,155,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 554,003 shares of the company’s stock valued at $49,190,000 after buying an additional 5,547 shares during the period. Fifth Third Bancorp increased its holdings in iShares MSCI USA Min Vol Factor ETF by 2.7% in the 4th quarter. Fifth Third Bancorp now owns 8,625 shares of the company’s stock worth $766,000 after acquiring an additional 223 shares during the last quarter. Carr Financial Group Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 7.8% in the 4th quarter. Carr Financial Group Corp now owns 37,485 shares of the company’s stock valued at $3,328,000 after acquiring an additional 2,703 shares during the period. Patriot Investment Management Group Inc. lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.2% during the fourth quarter. Patriot Investment Management Group Inc. now owns 29,431 shares of the company’s stock valued at $2,613,000 after purchasing an additional 347 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in iShares MSCI USA Min Vol Factor ETF by 65.0% during the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock worth $32,000 after purchasing an additional 143 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 2.6 %

USMV opened at $90.97 on Friday. The firm has a 50-day moving average price of $90.96 and a 200-day moving average price of $90.13. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

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.