Arete Wealth Advisors LLC decreased its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,483 shares of the company’s stock after selling 289 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $590,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in USMV. Headlands Technologies LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth $30,000. Gleason Group Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $32,000. Hantz Financial Services Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $33,000. Strategic Financial Concepts LLC acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth about $35,000. Finally, Fortitude Family Office LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the third quarter valued at about $38,000.
iShares MSCI USA Min Vol Factor ETF Stock Up 0.1 %
Shares of BATS USMV opened at $94.55 on Friday. The firm has a market cap of $27.70 billion, a PE ratio of 25.30 and a beta of 0.59. The business has a 50 day moving average price of $91.94 and a two-hundred day moving average price of $88.20. 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.
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.
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