Kestra Private Wealth Services LLC Has $1.25 Million Stock Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Kestra Private Wealth Services LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,057 shares of the company’s stock after selling 4,761 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,253,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 29.8% during the third quarter. SVB Wealth LLC now owns 8,144 shares of the company’s stock worth $589,000 after buying an additional 1,868 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 120.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,743,289 shares of the company’s stock worth $126,179,000 after acquiring an additional 951,050 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 250.5% in the 3rd quarter. Sage Mountain Advisors LLC now owns 13,190 shares of the company’s stock valued at $955,000 after purchasing an additional 9,427 shares during the period. Telemus Capital LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.0% during the 3rd quarter. Telemus Capital LLC now owns 324,852 shares of the company’s stock valued at $23,513,000 after purchasing an additional 21,234 shares in the last quarter. Finally, Concord Wealth Partners grew its stake in iShares MSCI USA Min Vol Factor ETF by 25.1% during the third quarter. Concord Wealth Partners now owns 5,784 shares of the company’s stock worth $419,000 after purchasing an additional 1,162 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $81.11 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The stock has a 50 day simple moving average of $81.78 and a two-hundred day simple moving average of $78.68. The company has a market cap of $23.77 billion, a P/E ratio of 25.30 and a beta of 0.59.

iShares MSCI USA Min Vol Factor ETF 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.