Concurrent Investment Advisors LLC lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,036 shares of the company’s stock after selling 7,434 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,600,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of USMV. Headlands Technologies LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $30,000. Gleason Group Inc. bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $32,000. Hantz Financial Services Inc. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,000. Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $35,000. Finally, Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at $38,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.9 %
USMV stock traded up $0.79 during trading on Wednesday, reaching $90.73. The stock had a trading volume of 1,730,101 shares. The company’s 50 day moving average is $91.14 and its two-hundred day moving average is $86.83. The company has a market capitalization of $26.58 billion, a price-to-earnings ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45.
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.
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