GPS Wealth Strategies Group LLC Sells 2,310 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

GPS Wealth Strategies Group LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,218 shares of the company’s stock after selling 2,310 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after acquiring an additional 51,463 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% in the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after acquiring an additional 190,680 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after purchasing an additional 81,787 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock valued at $360,219,000 after purchasing an additional 568,565 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock valued at $228,646,000 after purchasing an additional 235,117 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $92.81 on Wednesday. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12. The company’s 50-day moving average is $94.19 and its 200 day moving average is $93.37. The company has a market capitalization of $23.69 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.