Verdence Capital Advisors LLC Decreases Stake in iShares MSCI USA Min Vol Factor ETF $USMV

Verdence Capital Advisors LLC reduced its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,529 shares of the company’s stock after selling 929 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Advisory Inc. raised its position in shares of iShares MSCI USA Min Vol Factor ETF by 8.9% in the 1st quarter. Brown Advisory Inc. now owns 16,950 shares of the company’s stock valued at $1,588,000 after purchasing an additional 1,387 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 102.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,624,202 shares of the company’s stock worth $620,423,000 after buying an additional 3,352,591 shares during the period. Accurate Wealth Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $203,000. Symmetry Partners LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 10.1% in the 2nd quarter. Symmetry Partners LLC now owns 263,164 shares of the company’s stock worth $24,703,000 after buying an additional 24,219 shares during the period. Finally, MinichMacGregor Wealth Management LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter worth approximately $283,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.3%

Shares of BATS:USMV opened at $94.27 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company’s 50 day moving average is $94.02 and its 200 day moving average is $92.88. The company has a market cap of $24.06 billion, a PE 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.