MBE Wealth Management LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF $USMV

MBE Wealth Management LLC lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,916 shares of the company’s stock after selling 264 shares during the quarter. MBE Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $743,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Colton Groome Financial Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter worth $374,000. Fortune Financial Advisors LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 3.0% in the 2nd quarter. Fortune Financial Advisors LLC now owns 126,507 shares of the company’s stock valued at $11,875,000 after buying an additional 3,666 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 69,111 shares of the company’s stock worth $6,487,000 after buying an additional 5,419 shares during the last quarter. Maridea Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 4.3% during the second quarter. Maridea Wealth Management LLC now owns 31,318 shares of the company’s stock valued at $2,940,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Kennedy Investment Group lifted its position in iShares MSCI USA Min Vol Factor ETF by 5.2% during the second quarter. Kennedy Investment Group now owns 101,389 shares of the company’s stock valued at $9,517,000 after acquiring an additional 5,008 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.6%

BATS USMV opened at $93.64 on Friday. The firm’s fifty day simple moving average is $93.67 and its two-hundred day simple moving average is $92.68. The firm has a market capitalization of $23.90 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12.

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.