67,672 iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 85.7% in the third quarter, Holdings Channel reports. The institutional investor owned 11,262 shares of the company’s stock after selling 67,672 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NFSG Corp boosted its stake in iShares MSCI USA Min Vol Factor ETF by 134.6% during the 3rd quarter. NFSG Corp now owns 366 shares of the company’s stock valued at $36,000 after acquiring an additional 210 shares during the last quarter. Beacon Financial Strategies CORP bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $42,000. Next Level Wealth Planning LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter worth about $71,000. MADDEN SECURITIES Corp acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $74,000. Finally, Main Street Group LTD acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $77,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock traded down $0.52 during trading hours on Friday, hitting $101.23. 4,064,529 shares of the company were exchanged, compared to its average volume of 2,294,860. The stock has a market capitalization of $25.83 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $104.75. The business’s 50-day simple moving average is $100.57 and its two-hundred day simple moving average is $97.20.

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.