Mount Yale Investment Advisors LLC Sells 8,926 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Mount Yale Investment Advisors LLC cut its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 47.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,945 shares of the company’s stock after selling 8,926 shares during the period. Mount Yale Investment Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth $30,000. Gleason Group Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $32,000. Hantz Financial Services Inc. acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth about $33,000. Bfsg LLC raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 116.9% in the 3rd quarter. Bfsg LLC now owns 423 shares of the company’s stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 49,700.0% in the 2nd quarter. Gradient Investments LLC now owns 498 shares of the company’s stock valued at $42,000 after purchasing an additional 497 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS USMV opened at $91.00 on Friday. The stock has a market capitalization of $26.66 billion, a P/E ratio of 25.30 and a beta of 0.59. The business has a 50 day simple moving average of $91.06 and a 200 day simple moving average of $86.26. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year 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.