iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,994 shares of the company’s stock after selling 10,636 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 2.7% of Sovereign Investment Advisors LLC’s portfolio, making the stock its 11th largest holding. Sovereign Investment Advisors LLC owned approximately 0.06% of iShares MSCI USA Min Vol Factor ETF worth $14,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth about $29,000. Ankerstar Wealth LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $31,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $33,000. Commonwealth Retirement Investments LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $34,000. Finally, Entrust Financial LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth about $35,000.

iShares MSCI USA Min Vol Factor ETF Stock Down 1.0%

Shares of BATS USMV opened at $100.80 on Friday. The firm’s 50-day moving average price is $99.07 and its two-hundred day moving average price is $96.38. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $91.02 and a 52-week high of $102.21. The stock has a market capitalization of $25.72 billion, a P/E 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.