GGM Financials LLC Sells 2,079 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

GGM Financials LLC trimmed its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,098 shares of the company’s stock after selling 2,079 shares during the quarter. iShares MSCI USA Min Vol Factor ETF comprises about 0.6% of GGM Financials LLC’s investment portfolio, making the stock its 27th largest holding. GGM Financials LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,295,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of USMV. Brighton Jones LLC increased its position in iShares MSCI USA Min Vol Factor ETF by 12.9% during the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after acquiring an additional 1,291 shares during the period. GAMMA Investing LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 37.0% during the first quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock worth $254,000 after buying an additional 731 shares in the last quarter. Golden State Wealth Management LLC grew its stake in iShares MSCI USA Min Vol Factor ETF by 9.9% during the first quarter. Golden State Wealth Management LLC now owns 18,928 shares of the company’s stock worth $1,773,000 after buying an additional 1,710 shares in the last quarter. Root Financial Partners LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth about $206,000. Finally, Citizens National Bank Trust Department grew its stake in iShares MSCI USA Min Vol Factor ETF by 218.2% during the first quarter. Citizens National Bank Trust Department now owns 1,591 shares of the company’s stock worth $149,000 after buying an additional 1,091 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.1%

Shares of iShares MSCI USA Min Vol Factor ETF stock opened at $94.93 on Tuesday. The company has a market capitalization of $24.22 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. The firm’s 50-day moving average price is $94.30 and its two-hundred day moving average price is $93.22.

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.