Mattern Wealth Management LLC Sells 1,668 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mattern Wealth Management LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,863 shares of the company’s stock after selling 1,668 shares during the quarter. Mattern Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $30,000. Gleason Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $32,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $33,000. Bfsg LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the third quarter. Bfsg LLC now owns 423 shares of the company’s stock valued at $39,000 after acquiring an additional 228 shares during the period. Finally, Naples Money Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $41,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded down $0.42 during midday trading on Tuesday, reaching $92.45. The company’s stock had a trading volume of 706,486 shares. The business’s 50 day moving average price is $90.79 and its two-hundred day moving average price is $86.06. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The company has a market cap of $27.09 billion, a P/E 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.