iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 29.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 12,624 shares of the company’s stock after selling 5,282 shares during the quarter. Hershey Financial Advisers LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,171,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ritholtz Wealth Management purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $74,238,000. BNP Paribas Financial Markets boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 10,472.3% in the 4th quarter. BNP Paribas Financial Markets now owns 800,747 shares of the company’s stock worth $75,398,000 after acquiring an additional 793,173 shares during the period. Geneos Wealth Management Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 99.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,143,557 shares of the company’s stock valued at $106,053,000 after acquiring an additional 569,762 shares in the last quarter. Two Sigma Investments LP grew its position in iShares MSCI USA Min Vol Factor ETF by 26.1% in the third quarter. Two Sigma Investments LP now owns 2,733,400 shares of the company’s stock valued at $260,056,000 after acquiring an additional 565,200 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 13.0% in the first quarter. Catalyst Capital Advisors LLC now owns 4,242,597 shares of the company’s stock valued at $393,458,000 after acquiring an additional 489,637 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.5%

USMV opened at $96.60 on Friday. The firm’s 50 day moving average is $96.10 and its 200-day moving average is $95.16. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $98.73. The firm has a market capitalization of $24.65 billion, a P/E ratio of 22.90 and a beta of 0.72.

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.