iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 30.3% during the third quarter, Holdings Channel reports. The firm owned 331,718 shares of the company’s stock after selling 144,174 shares during the period. Park Avenue Securities LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $31,560,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Avion Wealth lifted its position in iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares during the last quarter. Chapman Financial Group LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $29,000. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $30,000. Phillips Financial Management LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $46,000. Finally, Howe & Rusling Inc. boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 141.8% in the 2nd quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.7%

Shares of BATS USMV opened at $94.59 on Wednesday. The stock has a market cap of $24.14 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The stock has a 50 day moving average of $94.06 and a two-hundred day moving average of $93.90.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.