iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.3% during the third quarter, Holdings Channel reports. The firm owned 106,040 shares of the company’s stock after selling 5,969 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $10,089,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of USMV. ROSS JOHNSON & Associates LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter valued at about $28,000. Avion Wealth grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after purchasing an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $29,000. Flaharty Asset Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth approximately $30,000. Finally, Phillips Financial Management LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $95.10 on Friday. The firm has a market capitalization of $24.27 billion, a P/E ratio of 22.90 and a beta of 0.72. The business has a 50 day simple moving average of $94.09 and a 200 day simple moving average of $93.80. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-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.