Wells Financial Advisors INC Sells 28,063 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Wells Financial Advisors INC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 74.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,502 shares of the company’s stock after selling 28,063 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 4.0% of Wells Financial Advisors INC’s portfolio, making the stock its 8th largest position. Wells Financial Advisors INC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 66.1% during the 4th quarter. Hibernia Wealth Partners LLC now owns 63,378 shares of the company’s stock worth $5,968,000 after buying an additional 25,216 shares during the period. Western Wealth Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 28.4% in the fourth quarter. Western Wealth Management LLC now owns 74,251 shares of the company’s stock valued at $6,992,000 after buying an additional 16,434 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 93,655 shares of the company’s stock valued at $8,819,000 after buying an additional 8,469 shares during the period. Chatterton & Associates Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $851,000. Finally, Dara Capital US Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $542,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.60 on Monday. The stock’s 50 day moving average is $96.10 and its 200 day moving average is $95.16. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $98.73. The firm has a market cap of $24.65 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.