iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Holdings Trimmed by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 90.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,915 shares of the company’s stock after selling 36,597 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lockheed Martin Investment Management Co. purchased a new position in iShares MSCI USA Min Vol Factor ETF during the fourth quarter valued at approximately $62,801,000. LPL Financial LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 5,357,623 shares of the company’s stock valued at $489,205,000 after buying an additional 346,414 shares during the period. World Investment Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 343.1% during the 3rd quarter. World Investment Advisors LLC now owns 224,878 shares of the company’s stock valued at $20,534,000 after acquiring an additional 174,130 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter worth $15,482,000. Finally, Avidian Wealth Enterprises LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2,578.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 173,645 shares of the company’s stock worth $15,856,000 after acquiring an additional 167,162 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 5.1 %

USMV opened at $93.12 on Thursday. The stock has a fifty day moving average price of $90.85 and a 200 day moving average price of $90.51. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45. The stock has a market cap of $27.28 billion, a price-to-earnings 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.