Mascoma Wealth Management LLC Lowers Stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mascoma Wealth Management LLC cut its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.2% during the third quarter, HoldingsChannel reports. The firm owned 45,814 shares of the company’s stock after selling 3,571 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.0% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Mascoma Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers grew its position in iShares MSCI USA Min Vol Factor ETF by 270.9% in the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after buying an additional 1,384,833 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $83,046,000. Carrera Capital Advisors acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $33,148,000. Symmetry Partners LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 75.6% in the 2nd quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock valued at $64,585,000 after purchasing an additional 331,096 shares in the last quarter. Finally, Granite Bay Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 5,487.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock worth $27,303,000 after purchasing an additional 325,904 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.1 %

Shares of USMV stock opened at $93.36 on Tuesday. The stock has a 50 day simple moving average of $91.30 and a 200-day simple moving average of $87.16. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF Company 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.