Provident Wealth Management LLC decreased its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 53.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,957 shares of the company’s stock after selling 6,950 shares during the quarter. Provident Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $580,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of USMV. Commonwealth Financial Services LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth about $246,000. Vision Capital Management Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $283,000. Retirement Planning Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $1,697,000. Kaufman Rossin Wealth LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth approximately $285,000. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $297,000.
iShares MSCI USA Min Vol Factor ETF Price Performance
USMV stock opened at $102.32 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $102.36. The company’s 50 day simple moving average is $100.11 and its 200-day simple moving average is $97.40. The firm has a market capitalization of $26.11 billion, a P/E ratio of 22.90 and a beta of 0.72.
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.
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