Sovereign Investment Advisors LLC Has $14.49 Million Stock Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Sovereign Investment Advisors LLC cut its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 65.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,932 shares of the company’s stock after selling 296,127 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises approximately 3.6% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Sovereign Investment Advisors LLC owned approximately 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WealthPLAN Partners LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.6% during the fourth quarter. WealthPLAN Partners LLC now owns 4,160 shares of the company’s stock valued at $392,000 after acquiring an additional 105 shares in the last quarter. Millstone Evans Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.3% during the fourth quarter. Millstone Evans Group LLC now owns 1,782 shares of the company’s stock valued at $168,000 after acquiring an additional 106 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 36,125 shares of the company’s stock valued at $3,402,000 after acquiring an additional 118 shares in the last quarter. Opulen Financial Group LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 2.4% during the third quarter. Opulen Financial Group LLC now owns 5,120 shares of the company’s stock valued at $487,000 after acquiring an additional 118 shares in the last quarter. Finally, Beacon Capital Management LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 4.4% during the fourth quarter. Beacon Capital Management LLC now owns 2,862 shares of the company’s stock valued at $269,000 after acquiring an additional 120 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS:USMV opened at $96.34 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $98.07. The business has a fifty day moving average price of $94.95 and a 200-day moving average price of $94.85. The company has a market capitalization of $24.59 billion, a PE ratio of 22.90 and a beta of 0.72.

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.