iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. decreased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 82.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,241 shares of the company’s stock after selling 42,062 shares during the period. Institute for Wealth Management LLC.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USMV. Renaissance Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $1,369,000. AQR Capital Management LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 101.3% in the second quarter. AQR Capital Management LLC now owns 27,458 shares of the company’s stock valued at $2,305,000 after purchasing an additional 13,818 shares during the period. Canandaigua National Bank & Trust Co. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $388,000. Park Avenue Securities LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 837.9% in the third quarter. Park Avenue Securities LLC now owns 189,185 shares of the company’s stock valued at $17,274,000 after purchasing an additional 169,014 shares during the period. Finally, Apella Capital LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.6% in the third quarter. Apella Capital LLC now owns 319,280 shares of the company’s stock valued at $29,048,000 after purchasing an additional 5,049 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 3.8 %

Shares of USMV opened at $91.97 on Friday. The stock has a market cap of $26.95 billion, a P/E ratio of 25.30 and a beta of 0.59. The company has a 50-day moving average of $90.96 and a two-hundred day moving average of $90.33. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45.

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.