Cornerstone Wealth Management LLC Has $22.94 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Cornerstone Wealth Management LLC decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,396 shares of the company’s stock after selling 215 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 1.5% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Cornerstone Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $22,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of USMV. Fortitude Family Office LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $38,000. Bfsg LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Arrow Financial Corp acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at about $45,000. Eastern Bank bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter valued at about $92,000. Finally, American Capital Advisory LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 1,460.0% during the third quarter. American Capital Advisory LLC now owns 1,014 shares of the company’s stock worth $93,000 after purchasing an additional 949 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV opened at $90.95 on Friday. The firm has a market cap of $26.65 billion, a PE ratio of 25.30 and a beta of 0.59. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45. The business’s 50 day moving average price is $90.99 and its two-hundred day moving average price is $90.08.

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.