Congress Wealth Management LLC DE Reduces Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Congress Wealth Management LLC DE reduced its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,930 shares of the company’s stock after selling 353 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $527,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $1,176,338,000. LPL Financial LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 5,685,914 shares of the company’s stock valued at $504,852,000 after acquiring an additional 328,291 shares during the last quarter. Millburn Ridgefield Corp increased its stake in iShares MSCI USA Min Vol Factor ETF by 5.2% in the fourth quarter. Millburn Ridgefield Corp now owns 3,651,407 shares of the company’s stock worth $324,208,000 after purchasing an additional 180,849 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,225,739 shares of the company’s stock worth $294,542,000 after purchasing an additional 21,739 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 0.6% during the fourth quarter. Assetmark Inc. now owns 1,606,337 shares of the company’s stock valued at $142,627,000 after purchasing an additional 10,270 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

USMV stock opened at $92.75 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $79.69 and a 12 month high of $95.12. The firm’s 50-day moving average is $92.67 and its 200 day moving average is $91.75. The company has a market capitalization of $24.21 billion, a PE ratio of 24.03 and a beta of 0.77.

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.