Carrera Capital Advisors Sells 10,970 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Carrera Capital Advisors lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 172,072 shares of the company’s stock after selling 10,970 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up 3.3% of Carrera Capital Advisors’ holdings, making the stock its 6th largest position. Carrera Capital Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $16,152,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. West Michigan Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 3.6% in the second quarter. West Michigan Advisors LLC now owns 8,417 shares of the company’s stock worth $790,000 after acquiring an additional 292 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 2.4% in the second quarter. Kathleen S. Wright Associates Inc. now owns 63,897 shares of the company’s stock worth $5,998,000 after acquiring an additional 1,505 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 1.0% in the second quarter. Moloney Securities Asset Management LLC now owns 74,587 shares of the company’s stock worth $7,002,000 after acquiring an additional 742 shares in the last quarter. Trademark Financial Management LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 936.9% in the second quarter. Trademark Financial Management LLC now owns 30,361 shares of the company’s stock worth $2,850,000 after acquiring an additional 27,433 shares in the last quarter. Finally, Guardian Asset Advisors LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 36.4% in the second quarter. Guardian Asset Advisors LLC now owns 4,051 shares of the company’s stock worth $380,000 after acquiring an additional 1,080 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 6.6%

USMV stock opened at $94.51 on Friday. The firm has a 50 day moving average of $94.27 and a two-hundred day moving average of $93.10. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12.

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.