West Wealth Group LLC Sells 26,984 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

West Wealth Group LLC trimmed its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 37.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,095 shares of the company’s stock after selling 26,984 shares during the period. iShares MSCI USA Min Vol Factor ETF accounts for 1.4% of West Wealth Group LLC’s holdings, making the stock its 15th largest position. West Wealth Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,519,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of USMV. Bank of Montreal Can increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 7.8% in the first quarter. Bank of Montreal Can now owns 8,253 shares of the company’s stock valued at $646,000 after acquiring an additional 594 shares during the period. Blair William & Co. IL lifted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.7% in the 1st quarter. Blair William & Co. IL now owns 95,612 shares of the company’s stock valued at $7,417,000 after purchasing an additional 1,612 shares during the period. AJ Wealth Strategies LLC increased its holdings in iShares MSCI USA Min Vol Factor ETF by 4.4% in the 1st quarter. AJ Wealth Strategies LLC now owns 1,348,690 shares of the company’s stock worth $104,618,000 after acquiring an additional 57,434 shares in the last quarter. Founders Financial Securities LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 27.0% during the 1st quarter. Founders Financial Securities LLC now owns 88,779 shares of the company’s stock worth $6,887,000 after acquiring an additional 18,853 shares in the last quarter. Finally, West Michigan Advisors LLC boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 6.1% in the 1st quarter. West Michigan Advisors LLC now owns 12,575 shares of the company’s stock valued at $975,000 after buying an additional 719 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 1.2 %

Shares of USMV traded up $0.96 during trading hours on Thursday, reaching $83.38. The company had a trading volume of 1,594,497 shares. The firm has a 50 day simple moving average of $81.13 and a 200-day simple moving average of $77.22. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $47.44 and a 12-month high of $55.45. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of 20.17 and a beta of 0.75.

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.