Magnolia Capital Advisors LLC Reduces Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Magnolia Capital Advisors LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 38.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,723 shares of the company’s stock after selling 42,398 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 1.6% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Magnolia Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of USMV. Brighton Jones LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,291 shares during the last quarter. DAVENPORT & Co LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 4,395 shares of the company’s stock worth $412,000 after acquiring an additional 324 shares during the period. Wayfinding Financial LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth approximately $43,000. Bank of New York Mellon Corp grew its position in iShares MSCI USA Min Vol Factor ETF by 9.3% in the first quarter. Bank of New York Mellon Corp now owns 983,380 shares of the company’s stock worth $92,103,000 after acquiring an additional 84,075 shares during the period. Finally, Compass Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 82.0% in the first quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock worth $26,000 after acquiring an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.6%

USMV opened at $92.74 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52 week low of $83.99 and a 52 week high of $95.12. The business has a fifty day simple moving average of $94.21 and a 200-day simple moving average of $93.35. The firm has a market cap of $23.67 billion, a P/E ratio of 22.90 and a beta of 0.72.

iShares MSCI USA Min Vol Factor ETF 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.