Sagespring Wealth Partners LLC lessened its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 9.7% in the third quarter, HoldingsChannel reports. The firm owned 283,353 shares of the company’s stock after selling 30,543 shares during the period. Sagespring Wealth Partners LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $26,958,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Avion Wealth grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after buying an additional 143 shares during the period. Chapman Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at approximately $29,000. Manning & Napier Advisors LLC bought a new position in iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth approximately $30,000. Grey Fox Wealth Advisors LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $35,000. Finally, Phillips Financial Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at approximately $46,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
USMV opened at $94.86 on Friday. The firm’s fifty day moving average is $94.34 and its two-hundred day moving average is $94.00. The firm has a market cap of $24.21 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12.
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.
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