Axxcess Wealth Management LLC Sells 9,186 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Axxcess Wealth Management LLC lowered its stake in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 6.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 135,905 shares of the company’s stock after selling 9,186 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $11,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Camden National Bank raised its holdings in iShares MSCI USA Min Vol Factor ETF by 3.7% during the 4th quarter. Camden National Bank now owns 61,741 shares of the company’s stock valued at $4,818,000 after buying an additional 2,188 shares during the last quarter. Morningstar Investment Services LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 96.7% in the fourth quarter. Morningstar Investment Services LLC now owns 10,924 shares of the company’s stock worth $851,000 after purchasing an additional 5,369 shares during the last quarter. Focus Financial Network Inc. ADV bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth about $7,550,000. Harvest Investment Services LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF during the 4th quarter valued at about $61,000. Finally, Tradition Wealth Management LLC raised its position in iShares MSCI USA Min Vol Factor ETF by 34.0% during the 4th quarter. Tradition Wealth Management LLC now owns 112,962 shares of the company’s stock valued at $8,814,000 after purchasing an additional 28,667 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $91.80 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $47.44 and a fifty-two week high of $55.45. The firm has a market cap of $26.90 billion, a P/E ratio of 25.30 and a beta of 0.59. The business’s 50 day moving average price is $88.04 and its 200-day moving average price is $84.48.

iShares MSCI USA Min Vol Factor ETF 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.