Rehmann Capital Advisory Group Sells 71,116 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Rehmann Capital Advisory Group reduced its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 21.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 257,439 shares of the company’s stock after selling 71,116 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 1.0% of Rehmann Capital Advisory Group’s holdings, making the stock its 17th biggest holding. Rehmann Capital Advisory Group’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $24,841,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of USMV. Advocacy Wealth Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $9,511,000. M Holdings Securities Inc. grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 2nd quarter. M Holdings Securities Inc. now owns 48,793 shares of the company’s stock valued at $4,570,000 after purchasing an additional 2,470 shares during the last quarter. Quantitative Investment Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $1,963,000. Compass Financial Management LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $84,000. Finally, Trust Co. of Vermont bought a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $387,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $101.52 on Tuesday. The firm’s fifty day moving average price is $98.58 and its two-hundred day moving average price is $96.24. The stock has a market cap of $25.91 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $102.21.

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.