iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Provident Wealth Management LLC

Provident Wealth Management LLC reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 53.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,957 shares of the company’s stock after selling 6,950 shares during the period. Provident Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kwmg LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 6.5% in the 3rd quarter. Kwmg LLC now owns 153,852 shares of the company’s stock worth $14,991,000 after purchasing an additional 9,418 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 19.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 35,218 shares of the company’s stock worth $3,398,000 after purchasing an additional 5,647 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $14,804,000. The Manufacturers Life Insurance Company acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $7,454,000. Finally, Invariant Investment Management acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $5,077,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of BATS:USMV opened at $102.32 on Wednesday. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1-year low of $91.02 and a 1-year high of $102.36. The company has a 50 day moving average price of $100.11 and a 200 day moving average price of $97.40.

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.