Journey Strategic Wealth LLC Has $4.25 Million Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Journey Strategic Wealth LLC cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,225 shares of the company’s stock after selling 3,603 shares during the quarter. Journey Strategic Wealth LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $4,245,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in USMV. Brighton Jones LLC increased its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares during the last quarter. Allianz Asset Management GmbH grew its stake in iShares MSCI USA Min Vol Factor ETF by 12.4% in the 1st quarter. Allianz Asset Management GmbH now owns 358,892 shares of the company’s stock valued at $33,614,000 after buying an additional 39,550 shares during the last quarter. AE Wealth Management LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 79.1% in the 1st quarter. AE Wealth Management LLC now owns 130,562 shares of the company’s stock valued at $12,228,000 after acquiring an additional 57,666 shares during the period. Opes Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 8.7% during the first quarter. Opes Wealth Management LLC now owns 11,249 shares of the company’s stock worth $1,054,000 after acquiring an additional 903 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 9.9% during the first quarter. Kovack Advisors Inc. now owns 8,042 shares of the company’s stock worth $753,000 after acquiring an additional 722 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $92.68 on Friday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The business’s fifty day moving average price is $94.03 and its two-hundred day moving average price is $93.54.

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.