Financial Enhancement Group LLC Has $8.64 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Financial Enhancement Group LLC lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 55.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,076 shares of the company’s stock after selling 112,561 shares during the period. Financial Enhancement Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $8,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frankly Finances LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $25,000. Investors Research Corp bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $26,000. Elevated Capital Advisors LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at $29,000. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $29,000. Finally, Abound Wealth Management grew its holdings in iShares MSCI USA Min Vol Factor ETF by 437.1% in the 4th quarter. Abound Wealth Management now owns 333 shares of the company’s stock valued at $31,000 after buying an additional 271 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $94.86 on Thursday. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s fifty day moving average price is $95.11 and its two-hundred day moving average price is $94.85. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $91.02 and a fifty-two week high of $98.07.

iShares MSCI USA Min Vol Factor ETF Company 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.