iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 73,347 shares of the company’s stock after selling 1,729 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,755,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in USMV. Headlands Technologies LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at 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 $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 $33,000. Bfsg LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% during 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 period. Finally, Gradient Investments LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the second quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after buying an additional 497 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $91.00 on Friday. The company has a market cap of $26.66 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The stock’s fifty day moving average price is $91.06 and its 200 day moving average price is $86.29. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.