Sequoia Financial Advisors LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

Sequoia Financial Advisors LLC lowered its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,073 shares of the company’s stock after selling 5,357 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USMV. Mascoma Wealth Management LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 213.8% in the 1st quarter. Mascoma Wealth Management LLC now owns 76,590 shares of the company’s stock worth $7,103,000 after purchasing an additional 52,184 shares during the last quarter. Kestra Advisory Services LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 17.6% during the 1st quarter. Kestra Advisory Services LLC now owns 329,668 shares of the company’s stock valued at $30,573,000 after purchasing an additional 49,300 shares in the last quarter. Money Concepts Capital Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 3.9% during the 1st quarter. Money Concepts Capital Corp now owns 128,484 shares of the company’s stock valued at $11,916,000 after purchasing an additional 4,865 shares in the last quarter. Beam Wealth Advisors Inc. purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $1,470,000. Finally, Cvfg LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter worth about $257,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV traded up $0.16 during trading on Friday, reaching $97.76. 1,808,736 shares of the stock traded hands, compared to its average volume of 2,501,746. The stock has a market cap of $24.95 billion, a P/E ratio of 22.90 and a beta of 0.72. The stock has a 50-day moving average of $95.84 and a two-hundred day moving average of $95.10. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73.

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.