HighTower Advisors LLC Lowers Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

HighTower Advisors LLC decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 673,550 shares of the company’s stock after selling 5,295 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $64,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Avion Wealth grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Chapman Financial Group LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at about $29,000. Manning & Napier Advisors LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $30,000. Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $35,000. Finally, Phillips Financial Management LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $46,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $96.19 on Tuesday. The company’s 50 day simple moving average is $94.76 and its 200-day simple moving average is $94.25. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $96.55.

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.