Defined Wealth Management LLC Has $3.12 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Defined Wealth Management LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,101 shares of the company’s stock after selling 196 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 2.1% of Defined Wealth Management LLC’s holdings, making the stock its 14th largest holding. Defined Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USMV. Brighton Jones LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 1.1% during the third 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. Anchor Investment Management LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% during the third quarter. Anchor Investment Management LLC now owns 1,983 shares of the company’s stock worth $181,000 after purchasing an additional 112 shares in the last quarter. Asset Dedication LLC grew its holdings 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 buying an additional 121 shares during the period. Sensible Money LLC increased its position 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 buying an additional 121 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 4.8% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,663 shares of the company’s stock worth $244,000 after buying an additional 123 shares during the period.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.4 %

BATS:USMV opened at $89.87 on Friday. 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 50-day moving average price of $91.16 and a two-hundred day moving average price of $89.90. The stock has a market cap of $26.33 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.