Brass Tax Wealth Management Inc. Sells 2,741 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Brass Tax Wealth Management Inc. lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,068 shares of the company’s stock after selling 2,741 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.3% of Brass Tax Wealth Management Inc.’s portfolio, making the stock its 18th largest holding. Brass Tax Wealth Management Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,476,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in USMV. Asset Advisors Investment Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 5.9% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 146,127 shares of the company’s stock valued at $13,343,000 after acquiring an additional 8,188 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $328,000. World Investment Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 278.2% in the 3rd quarter. World Investment Advisors LLC now owns 191,915 shares of the company’s stock valued at $17,518,000 after acquiring an additional 141,167 shares during the period. Anchor Investment Management LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the 3rd quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock valued at $181,000 after acquiring an additional 112 shares during the period. Finally, Hobbs Group Advisors LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 143.3% in the 3rd quarter. Hobbs Group Advisors LLC now owns 77,685 shares of the company’s stock valued at $7,093,000 after acquiring an additional 45,756 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Down 0.3 %

Shares of BATS USMV traded down $0.26 during mid-day trading on Friday, reaching $91.94. 1,566,559 shares of the company were exchanged. The company’s 50-day simple moving average is $92.32 and its 200-day simple moving average is $88.80. The stock has a market capitalization of $26.94 billion, a P/E ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45.

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.