Apella Capital LLC Reduces 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 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,822 shares of the company’s stock after selling 22,213 shares during the period. Apella Capital LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,188,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the third quarter. Bank of America Corp DE now owns 13,794,595 shares of the company’s stock worth $1,312,418,000 after purchasing an additional 98,221 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Raymond James Financial Inc. now owns 13,521,148 shares of the company’s stock worth $1,286,402,000 after purchasing an additional 206,108 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,977,742 shares of the company’s stock worth $659,752,000 after purchasing an additional 145,843 shares during the period. Millburn Ridgefield LLC DE boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the third quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after purchasing an additional 190,646 shares during the period. Finally, UBS Group AG boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.3% during the third quarter. UBS Group AG now owns 3,545,978 shares of the company’s stock worth $337,364,000 after purchasing an additional 80,056 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $93.42 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $98.07. The company has a 50-day simple moving average of $95.03 and a two-hundred day simple moving average of $94.54. The firm has a market capitalization of $23.84 billion, a PE 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.