iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Pecaut & CO.

Pecaut & CO. reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 52.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,152 shares of the company’s stock after selling 45,116 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for approximately 1.3% of Pecaut & CO.’s holdings, making the stock its 21st biggest position. Pecaut & CO.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,915,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of USMV. Avion Wealth boosted its holdings in 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 worth $28,000 after buying an additional 143 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $35,000. Finally, Phillips Financial Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.6%

Shares of BATS:USMV opened at $95.37 on Wednesday. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The business has a fifty day simple moving average of $94.41 and a 200 day simple moving average of $94.04.

About iShares MSCI USA Min Vol Factor ETF

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.