iShares MSCI USA Min Vol Factor ETF $USMV Stake Cut by Horizon Wealth Management LLC

Horizon Wealth Management LLC reduced its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 98.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,770 shares of the company’s stock after selling 413,336 shares during the period. Horizon Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $635,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compass Wealth Management LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 82.0% in the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after acquiring an additional 123 shares in the last quarter. ROSS JOHNSON & Associates LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $28,000. Avion Wealth lifted its stake in iShares MSCI USA Min Vol Factor ETF by 88.8% in the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after acquiring an additional 143 shares in the last quarter. Columbia River Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $30,000. Finally, Flaharty Asset Management LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter worth about $30,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 4.9%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $93.01 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The stock has a 50-day moving average price of $94.28 and a 200 day moving average price of $93.28. The company has a market cap of $23.73 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.