Kingswood Wealth Advisors LLC Decreases Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Kingswood Wealth Advisors LLC decreased its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 41.7% during the second quarter, Holdings Channel reports. The firm owned 78,967 shares of the company’s stock after selling 56,535 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 0.6% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 26th biggest position. Kingswood Wealth Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $7,413,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CFM Wealth Partners LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.0% in the second quarter. CFM Wealth Partners LLC now owns 57,210 shares of the company’s stock worth $5,370,000 after acquiring an additional 3,247 shares during the period. Defined Financial Planning LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 7.7% in the second quarter. Defined Financial Planning LLC now owns 3,127 shares of the company’s stock worth $288,000 after acquiring an additional 223 shares during the period. Heck Capital Advisors LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 105.0% in the second quarter. Heck Capital Advisors LLC now owns 11,046 shares of the company’s stock worth $1,037,000 after acquiring an additional 5,658 shares during the period. KPP Advisory Services LLC grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.9% in the second quarter. KPP Advisory Services LLC now owns 4,167 shares of the company’s stock worth $391,000 after acquiring an additional 118 shares during the period. Finally, Relyea Zuckerberg Hanson LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the second quarter worth $566,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of USMV opened at $95.14 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The firm has a market capitalization of $24.28 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a fifty day moving average of $93.85 and a 200 day moving average of $92.82.

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.