Allworth Financial LP Sells 19,011 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Allworth Financial LP lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 24.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,574 shares of the company’s stock after selling 19,011 shares during the quarter. Allworth Financial LP’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $5,668,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of USMV. Chapman Financial Group LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at $29,000. Manning & Napier Advisors LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $35,000. Howe & Rusling Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 141.8% during the second quarter. Howe & Rusling Inc. now owns 515 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $48,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 1.0%

Shares of USMV opened at $92.35 on Friday. The company has a 50 day moving average of $95.46 and a two-hundred day moving average of $94.63. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $98.07. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.