Financial Management Network Inc. Sells 179 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Financial Management Network Inc. reduced its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,145 shares of the company’s stock after selling 179 shares during the quarter. Financial Management Network Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the 2nd quarter valued at about $30,000. QRG Capital Management Inc. increased its stake in iShares MSCI USA Min Vol Factor ETF by 36.5% during the 2nd quarter. QRG Capital Management Inc. now owns 4,752 shares of the company’s stock valued at $399,000 after purchasing an additional 1,270 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in iShares MSCI USA Min Vol Factor ETF by 38.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 860,729 shares of the company’s stock valued at $71,940,000 after purchasing an additional 238,700 shares in the last quarter. Banco Santander S.A. grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.2% in the second quarter. Banco Santander S.A. now owns 99,199 shares of the company’s stock worth $8,329,000 after acquiring an additional 1,200 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 23.2% in the first quarter. Sequoia Financial Advisors LLC now owns 4,861 shares of the company’s stock worth $406,000 after acquiring an additional 914 shares during the period.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock traded down $0.33 during trading hours on Friday, reaching $91.57. The company had a trading volume of 1,357,776 shares. The business has a fifty day moving average price of $91.02 and a 200-day moving average price of $86.20. iShares MSCI USA Min Vol Factor ETF has a one year low of $47.44 and a one year high of $55.45. The firm has a market cap of $26.83 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.