Garde Capital Inc. reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 75.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,520 shares of the company’s stock after selling 17,033 shares during the quarter. Garde Capital Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $538,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in USMV. Next Level Wealth Planning LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $71,000. Nottingham Advisors Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth about $662,000. Welch Group LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at approximately $497,000. Walled Lake Planning & Wealth Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.8% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 178,089 shares of the company’s stock worth $17,353,000 after purchasing an additional 3,099 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at approximately $632,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
Shares of USMV stock opened at $103.06 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $103.84. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The firm has a fifty day moving average of $100.50 and a 200-day moving average of $97.03.
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.
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