Mascoma Wealth Management LLC Decreases Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mascoma Wealth Management LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 30.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,665 shares of the company’s stock after selling 14,149 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 0.7% of Mascoma Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Mascoma Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,812,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in USMV. Stonebridge Financial Group LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $28,000. AlphaMark Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $30,000. Sound Income Strategies LLC lifted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 65.0% in the fourth quarter. Sound Income Strategies LLC now owns 363 shares of the company’s stock valued at $32,000 after purchasing an additional 143 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter valued at about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $91.22 on Thursday. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 24.43 and a beta of 0.79. The company’s 50 day simple moving average is $91.76 and its 200 day simple moving average is $91.58. 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.