West Michigan Advisors LLC Trims Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

West Michigan Advisors LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 11.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,396 shares of the company’s stock after selling 1,048 shares during the quarter. West Michigan Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $767,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.1% in the 3rd quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock valued at $913,000 after purchasing an additional 111 shares during the period. Asset Dedication LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% in the 3rd quarter. Asset Dedication LLC now owns 8,377 shares of the company’s stock valued at $765,000 after purchasing an additional 121 shares during the period. Sensible Money LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.4% in the 3rd quarter. Sensible Money LLC now owns 8,727 shares of the company’s stock valued at $797,000 after purchasing an additional 121 shares during the period. Sage Capital Advisors llc lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% in the 2nd quarter. Sage Capital Advisors llc now owns 5,331 shares of the company’s stock valued at $448,000 after purchasing an additional 123 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 4.8% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock valued at $244,000 after purchasing an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV opened at $91.57 on Friday. The stock has a market cap of $26.83 billion, a P/E ratio of 25.30 and a beta of 0.59. The firm has a fifty day moving average price of $91.02 and a 200 day moving average price of $86.20. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $47.44 and a 1 year high of $55.45.

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.