Ergawealth Advisors Inc. Has $1.64 Million Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Ergawealth Advisors Inc. lowered its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,500 shares of the company’s stock after selling 3,721 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for approximately 0.8% of Ergawealth Advisors Inc.’s portfolio, making the stock its 19th biggest holding. Ergawealth Advisors Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in iShares MSCI USA Min Vol Factor ETF by 43.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,010 shares of the company’s stock valued at $178,000 after acquiring an additional 605 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 17.1% during the 4th quarter. QRG Capital Management Inc. now owns 6,436 shares of the company’s stock worth $571,000 after buying an additional 942 shares during the last quarter. Brueske Advisory Services LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 4th quarter worth about $1,446,000. Nwam LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the 4th quarter. Nwam LLC now owns 30,703 shares of the company’s stock worth $2,726,000 after buying an additional 180 shares during the last quarter. Finally, GenTrust LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 5.3% during the 4th quarter. GenTrust LLC now owns 3,974 shares of the company’s stock worth $353,000 after buying an additional 200 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS USMV opened at $93.38 on Friday. The firm has a 50-day moving average of $91.07 and a 200-day moving average of $91.29. The stock has a market cap of $23.73 billion, a PE ratio of 24.43 and a beta of 0.79. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $47.44 and a 52-week high of $55.45.

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.