Brookstone Capital Management Cuts Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Brookstone Capital Management decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.6% in the second quarter, Holdings Channel.com reports. The firm owned 927,795 shares of the company’s stock after selling 54,789 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up approximately 1.1% of Brookstone Capital Management’s investment portfolio, making the stock its 14th biggest position. Brookstone Capital Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $87,092,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in USMV. Brighton Jones LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 37.0% in the 1st quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock valued at $254,000 after purchasing an additional 731 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 97.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 7,687 shares of the company’s stock valued at $720,000 after purchasing an additional 3,795 shares in the last quarter. FORM Wealth Advisors LLC purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $21,615,000. Finally, Professional Financial Advisors LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 22.4% in the 1st quarter. Professional Financial Advisors LLC now owns 6,803 shares of the company’s stock valued at $637,000 after purchasing an additional 1,245 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.9%

Shares of USMV opened at $94.77 on Wednesday. The stock has a market capitalization of $24.18 billion, a P/E ratio of 22.90 and a beta of 0.72. The firm has a fifty day simple moving average of $94.21 and a two-hundred day simple moving average of $92.97. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12.

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.