World Investment Advisors Has $6.53 Million Position in iShares MSCI USA Min Vol Factor ETF $USMV

World Investment Advisors lessened its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 68,673 shares of the company’s stock after selling 6,928 shares during the quarter. World Investment Advisors’ holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USMV. ROSS JOHNSON & Associates LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the first quarter worth approximately $28,000. Avion Wealth increased its stake in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the second quarter. Avion Wealth now owns 304 shares of the company’s stock worth $28,000 after purchasing an additional 143 shares during the period. Chapman Financial Group LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $29,000. Flaharty Asset Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at $30,000. Finally, Phillips Financial Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF in the 2nd quarter valued at $46,000.

iShares MSCI USA Min Vol Factor ETF Price Performance

Shares of BATS USMV opened at $95.16 on Friday. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock’s fifty day moving average price is $94.07 and its two-hundred day moving average price is $93.78. iShares MSCI USA Min Vol Factor ETF has a one year low of $83.99 and a one year high of $95.12.

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.