AE Wealth Management LLC Sells 66,989 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

AE Wealth Management LLC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 51.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,573 shares of the company’s stock after selling 66,989 shares during the period. AE Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,968,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USMV. International Assets Investment Management LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% in the 2nd quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock worth $1,420,000 after purchasing an additional 110 shares in the last quarter. Key Financial Inc grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.6% in the 1st quarter. Key Financial Inc now owns 1,794 shares of the company’s stock worth $168,000 after buying an additional 111 shares in the last quarter. Asset Dedication LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Asset Dedication LLC now owns 8,489 shares of the company’s stock valued at $795,000 after purchasing an additional 112 shares during the last quarter. Sensible Money LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.3% during the 1st quarter. Sensible Money LLC now owns 8,839 shares of the company’s stock valued at $828,000 after purchasing an additional 112 shares during the last quarter. Finally, KPP Advisory Services LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 2.9% in the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock worth $391,000 after purchasing an additional 118 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $92.95 on Monday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The firm has a market cap of $23.72 billion, a PE ratio of 22.90 and a beta of 0.72. The firm’s 50 day simple moving average is $94.11 and its 200-day simple moving average is $93.43.

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.