Center For Asset Management LLC Reduces Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Center For Asset Management LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,172 shares of the company’s stock after selling 5,766 shares during the quarter. Center For Asset Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Insight Inv LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $1,083,000. Win Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $899,000. Dynasty Wealth Management LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 7.2% during the third quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after buying an additional 84,969 shares during the period. Becker Capital Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $569,000. Finally, Cynosure Group LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 16.8% in the third quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock valued at $4,036,000 after buying an additional 6,104 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.6%

USMV stock opened at $95.09 on Wednesday. The company has a market capitalization of $24.27 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a 50 day simple moving average of $95.55 and a 200-day simple moving average of $94.66. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month 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.