Fortune Financial Advisors LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 117,880 shares of the company’s stock after selling 1,062 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for 6.1% of Fortune Financial Advisors LLC’s holdings, making the stock its largest position. Fortune Financial Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,897,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of USMV. Raymond James & Associates raised its stake in iShares MSCI USA Min Vol Factor ETF by 0.9% during the second quarter. Raymond James & Associates now owns 16,095,735 shares of the company’s stock valued at $1,351,398,000 after purchasing an additional 146,632 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in iShares MSCI USA Min Vol Factor ETF by 4.4% during the first quarter. Alaska Permanent Fund Corp now owns 3,947,820 shares of the company’s stock valued at $329,959,000 after purchasing an additional 167,538 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% during the second quarter. Catalyst Capital Advisors LLC now owns 3,658,707 shares of the company’s stock valued at $307,185,000 after purchasing an additional 182,050 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,202,043 shares of the company’s stock valued at $268,843,000 after purchasing an additional 31,625 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in iShares MSCI USA Min Vol Factor ETF by 270.9% during the first quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after purchasing an additional 1,384,833 shares in the last quarter.
iShares MSCI USA Min Vol Factor ETF Stock Down 0.1 %
iShares MSCI USA Min Vol Factor ETF stock opened at $90.20 on Thursday. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. The firm’s fifty day moving average is $87.60 and its 200 day moving average is $84.25. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week 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.
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