Wells Financial Advisors INC Sells 6,229 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Wells Financial Advisors INC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,908 shares of the company’s stock after selling 6,229 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 7.1% of Wells Financial Advisors INC’s investment portfolio, making the stock its 3rd biggest position. Wells Financial Advisors INC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Wealth Management LLC grew its position in shares of 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 valued at $26,000 after purchasing an additional 123 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $28,000. Flaharty Asset Management LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $30,000. Columbia River Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $30,000. Finally, LRI Investments LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $33,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $94.01 on Monday. The company has a market capitalization of $23.99 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12. The business’s 50 day simple moving average is $94.00 and its 200 day simple moving average is $92.87.

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.