iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Summit Wealth Partners LLC

Summit Wealth Partners LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 182,452 shares of the company’s stock after selling 6,242 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up approximately 2.7% of Summit Wealth Partners LLC’s investment portfolio, making the stock its 8th biggest position. Summit Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Becker Capital Management Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $569,000. Hibernia Wealth Partners LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 66.1% in the fourth quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after acquiring an additional 25,216 shares during the last quarter. Western Wealth Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 28.4% in the fourth quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after purchasing an additional 16,434 shares during the period. Chatterton & Associates Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $851,000. Finally, Concurrent Investment Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 9.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock worth $8,819,000 after purchasing an additional 8,469 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.0%

Shares of BATS USMV opened at $94.28 on Tuesday. The stock has a market capitalization of $24.06 billion, a PE ratio of 22.90 and a beta of 0.72. The firm has a fifty day moving average of $95.05 and a 200-day moving average of $94.85. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week 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.