Miracle Mile Advisors LLC Sells 10,926 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Miracle Mile Advisors LLC trimmed its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 25,784 shares of the company’s stock after selling 10,926 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,453,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth $28,000. Avion Wealth lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $29,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter valued at $30,000. Finally, Phillips Financial Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $93.66 on Friday. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business has a 50-day simple moving average of $94.07 and a two-hundred day simple moving average of $93.84. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12.

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.