iShares MSCI USA Min Vol Factor ETF $USMV Stock Holdings Reduced by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,547 shares of the company’s stock after selling 20,145 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 0.9% of Cornerstone Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Cornerstone Wealth Management LLC owned 0.09% of iShares MSCI USA Min Vol Factor ETF worth $22,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cassia Capital Partners LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 1.6% during the third quarter. Cassia Capital Partners LLC now owns 240,919 shares of the company’s stock valued at $23,484,000 after purchasing an additional 3,873 shares during the period. Welch & Forbes LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 2.2% during the 3rd quarter. Welch & Forbes LLC now owns 19,535 shares of the company’s stock worth $1,903,000 after purchasing an additional 419 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.5% in the 3rd quarter. AlphaCore Capital LLC now owns 58,198 shares of the company’s stock valued at $5,671,000 after buying an additional 313 shares during the period. Syntax Research Inc. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.1% in the 3rd quarter. Syntax Research Inc. now owns 119,074 shares of the company’s stock valued at $11,603,000 after buying an additional 5,786 shares during the period. Finally, Burton Enright Welch acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $2,463,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $103.21 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $91.02 and a one year high of $104.75. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 23.08 and a beta of 0.63. The business has a 50-day simple moving average of $100.63 and a 200 day simple moving average of $97.29.

iShares MSCI USA Min Vol Factor ETF Company Profile

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.