Integrated Wealth Concepts LLC Trims Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Integrated Wealth Concepts LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,098 shares of the company’s stock after selling 6,135 shares during the period. Integrated Wealth Concepts LLC owned 0.13% of iShares MSCI USA Min Vol Factor ETF worth $32,167,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USMV. Bank of America Corp DE raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 3rd quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after acquiring an additional 98,221 shares in the last quarter. Raymond James Financial Inc. grew its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% in the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after purchasing an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after purchasing an additional 156,234 shares in the last quarter. Millburn Ridgefield LLC DE raised its holdings in iShares MSCI USA Min Vol Factor ETF by 5.4% in the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after purchasing an additional 190,646 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% in the 3rd quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock worth $337,364,000 after acquiring an additional 80,056 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $95.07 on Monday. The firm has a market capitalization of $24.26 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm has a 50 day moving average price of $95.50 and a 200-day moving average price of $94.65. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $98.07.

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.