Maridea Wealth Management LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF $USMV

Maridea Wealth Management LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,262 shares of the company’s stock after selling 7,056 shares during the period. Maridea Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,296,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USMV. Avion Wealth raised its holdings in iShares MSCI USA Min Vol Factor ETF by 88.8% in the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after acquiring an additional 143 shares in the last quarter. Chapman Financial Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $35,000. Finally, Phillips Financial Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $95.84 on Wednesday. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $96.65. The stock has a 50-day simple moving average of $94.80 and a 200 day simple moving average of $94.27.

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.