MTM Investment Management LLC Reduces Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

MTM Investment Management LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,611 shares of the company’s stock after selling 153 shares during the quarter. MTM Investment Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in USMV. Brighton Jones LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.1% during the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after acquiring an additional 111 shares during the period. Asset Dedication LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.5% during the third quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock worth $765,000 after purchasing an additional 121 shares during the period. Sensible Money LLC boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 1.4% in the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after purchasing an additional 121 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.4% in the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock valued at $448,000 after purchasing an additional 123 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after buying an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

USMV stock opened at $91.37 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a market cap of $26.77 billion, a PE ratio of 25.30 and a beta of 0.59. The firm’s 50 day moving average price is $91.52 and its 200-day moving average price is $87.64.

iShares MSCI USA Min Vol Factor ETF 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.