iShares MSCI USA Min Vol Factor ETF $USMV Position Cut by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 149,994 shares of the company’s stock after selling 10,636 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 2.7% of Sovereign Investment Advisors LLC’s holdings, making the stock its 11th biggest holding. Sovereign Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $14,468,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Ankerstar Wealth LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $31,000. Garton & Associates Financial Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $33,000. Commonwealth Retirement Investments LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $34,000. Finally, Entrust Financial LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth about $35,000.

iShares MSCI USA Min Vol Factor ETF Trading Down 1.0%

Shares of BATS:USMV opened at $100.80 on Friday. The firm’s 50 day moving average is $99.07 and its two-hundred day moving average is $96.38. The firm has a market capitalization of $25.72 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $91.02 and a 52 week high of $102.21.

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.