PFG Investments LLC Reduces Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

PFG Investments LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 63.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,744 shares of the company’s stock after selling 13,680 shares during the quarter. PFG Investments LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. WealthPLAN Partners LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 2.6% during the 4th quarter. WealthPLAN Partners LLC now owns 4,160 shares of the company’s stock worth $392,000 after purchasing an additional 105 shares during the last quarter. Millstone Evans Group LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.3% in the fourth quarter. Millstone Evans Group LLC now owns 1,782 shares of the company’s stock worth $168,000 after buying an additional 106 shares during the last quarter. Delta Wealth Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% during the first quarter. Delta Wealth Advisors LLC now owns 36,699 shares of the company’s stock worth $3,403,000 after buying an additional 108 shares during the period. KW Wealth Management LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the fourth quarter. KW Wealth Management LLC now owns 13,553 shares of the company’s stock worth $1,276,000 after buying an additional 109 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 36,125 shares of the company’s stock valued at $3,402,000 after buying an additional 118 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS USMV traded up $0.56 during mid-day trading on Tuesday, hitting $98.45. The stock had a trading volume of 217,331 shares, compared to its average volume of 2,500,337. The firm has a market cap of $25.12 billion, a PE ratio of 22.90 and a beta of 0.72. The company has a 50 day moving average of $95.51 and a two-hundred day moving average of $94.99. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $91.02 and a twelve month high of $98.73.

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.