Financial Enhancement Group LLC Sells 112,561 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Financial Enhancement Group LLC lessened its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 55.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,076 shares of the company’s stock after selling 112,561 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,639,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in USMV. Frankly Finances LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $25,000. Investors Research Corp bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at approximately $26,000. Elevated Capital Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $29,000. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $29,000. Finally, Abound Wealth Management grew its position in iShares MSCI USA Min Vol Factor ETF by 437.1% during the fourth quarter. Abound Wealth Management now owns 333 shares of the company’s stock worth $31,000 after buying an additional 271 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $94.86 on Thursday. The firm has a market cap of $24.21 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average price is $95.11 and its two-hundred day moving average price is $94.85. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $98.07.

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.