Farther Finance Advisors LLC Lowers Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Farther Finance Advisors LLC reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 40.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,350 shares of the company’s stock after selling 10,382 shares during the period. Farther Finance Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,286,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of USMV. Gleason Group Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $32,000. Hantz Financial Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. SYM FINANCIAL Corp grew its stake in iShares MSCI USA Min Vol Factor ETF by 232.9% during the fourth quarter. SYM FINANCIAL Corp now owns 486 shares of the company’s stock worth $38,000 after buying an additional 340 shares during the period. Naples Money Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth $41,000. Finally, Gradient Investments LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% during the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after acquiring an additional 497 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.7 %

Shares of BATS USMV opened at $91.32 on Monday. The stock has a fifty day moving average price of $86.58 and a 200 day moving average price of $83.74. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a market cap of $26.76 billion, a P/E ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF Company 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.