GGM Financials LLC Cuts Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

GGM Financials LLC lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,674 shares of the company’s stock after selling 461 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 3.0% of GGM Financials LLC’s investment portfolio, making the stock its 9th largest holding. GGM Financials LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Investment Advisers increased its position in shares of 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 worth $158,465,000 after acquiring an additional 1,384,833 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter valued at approximately $83,046,000. Carrera Capital Advisors purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $33,148,000. Symmetry Partners LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 75.6% during the second quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock worth $64,585,000 after buying an additional 331,096 shares in the last quarter. Finally, Granite Bay Wealth Management LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 5,487.5% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock valued at $27,303,000 after buying an additional 325,904 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.9 %

Shares of BATS:USMV opened at $92.45 on Thursday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $47.44 and a 1-year high of $55.45. The stock has a market cap of $27.09 billion, a PE ratio of 25.30 and a beta of 0.59. The stock’s fifty day simple moving average is $91.18 and its two-hundred day simple moving average is $86.87.

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.