Financial Advisors LLC Has $103.36 Million Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Financial Advisors LLC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,086,372 shares of the company’s stock after selling 13,115 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 18.3% of Financial Advisors LLC’s holdings, making the stock its biggest holding. Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $103,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth grew its stake in iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $30,000. Grey Fox Wealth Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $35,000. Finally, Phillips Financial Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $96.19 on Friday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $96.55. The stock has a market capitalization of $24.55 billion, a PE ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average is $94.71 and its 200-day moving average is $94.22.

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.