iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Holdings Lessened by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 583,769 shares of the company’s stock after selling 27,436 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 8.8% of Legacy Financial Advisors Inc.’s holdings, making the stock its 2nd biggest holding. Legacy Financial Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $45,551,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of iShares MSCI USA Min Vol Factor ETF by 51.5% during the 3rd quarter. FMR LLC now owns 26,644,002 shares of the company’s stock worth $1,928,493,000 after buying an additional 9,059,409 shares in the last quarter. Raymond James & Associates boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 4th quarter. Raymond James & Associates now owns 16,080,799 shares of the company’s stock worth $1,254,785,000 after purchasing an additional 122,005 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 16.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,172,429 shares of the company’s stock worth $519,140,000 after purchasing an additional 1,000,764 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 54.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,301,031 shares of the company’s stock valued at $383,689,000 after purchasing an additional 1,867,739 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth about $259,275,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

iShares MSCI USA Min Vol Factor ETF stock traded up $0.47 during mid-day trading on Friday, reaching $81.11. The company had a trading volume of 2,356,724 shares. The stock’s 50-day simple moving average is $81.78 and its 200-day simple moving average is $78.71. The company has a market capitalization of $23.77 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.