Apella Capital LLC Decreases Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Apella Capital LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,035 shares of the company’s stock after selling 26,368 shares during the period. Apella Capital LLC owned about 0.06% of iShares MSCI USA Min Vol Factor ETF worth $13,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in USMV. Secure Asset Management LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 2.8% during the 3rd quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock worth $371,000 after buying an additional 108 shares during the period. International Assets Investment Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the second quarter. International Assets Investment Management LLC now owns 15,132 shares of the company’s stock valued at $1,420,000 after acquiring an additional 110 shares in the last quarter. Patriot Investment Management Group Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% during the third quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock worth $2,814,000 after acquiring an additional 111 shares during the last quarter. KPP Advisory Services LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% during the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock worth $391,000 after acquiring an additional 118 shares during the last quarter. Finally, Almanack Investment Partners LLC. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% in the second quarter. Almanack Investment Partners LLC. now owns 20,319 shares of the company’s stock worth $1,907,000 after acquiring an additional 124 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $95.10 on Friday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The stock has a 50-day moving average price of $94.09 and a 200 day moving average price of $93.80. The company has a market capitalization of $24.27 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.