Axxcess Wealth Management LLC Lowers Position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Axxcess Wealth Management LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 38.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 151,648 shares of the company’s stock after selling 96,127 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,833,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ergawealth Advisors Inc. lifted its position in iShares MSCI USA Min Vol Factor ETF by 2.5% during the 4th quarter. Ergawealth Advisors Inc. now owns 28,281 shares of the company’s stock worth $2,207,000 after acquiring an additional 696 shares in the last quarter. EWA LLC boosted its stake in shares of iShares MSCI USA Min Vol Factor ETF by 9.2% in the fourth quarter. EWA LLC now owns 115,354 shares of the company’s stock valued at $9,269,000 after purchasing an additional 9,725 shares during the period. White Pine Investment CO grew its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% during the 4th quarter. White Pine Investment CO now owns 152,434 shares of the company’s stock valued at $11,894,000 after purchasing an additional 668 shares in the last quarter. Investment Advisory Group LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 4th quarter. Investment Advisory Group LLC now owns 70,236 shares of the company’s stock worth $5,481,000 after buying an additional 1,263 shares during the period. Finally, Confluence Wealth Services Inc. acquired a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter worth $4,176,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 0.6 %

Shares of iShares MSCI USA Min Vol Factor ETF stock traded up $0.47 during trading hours on Friday, hitting $81.11. 2,356,724 shares of the company’s stock traded hands. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $47.44 and a twelve month high of $55.45. The stock has a 50 day simple moving average of $81.78 and a 200-day simple moving average of $78.71. The company has a market cap of $23.77 billion, a PE ratio of 25.30 and a beta of 0.59.

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.