Essex Financial Services Inc. Sells 1,729 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Essex Financial Services Inc. lowered its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,347 shares of the company’s stock after selling 1,729 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $6,755,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of USMV. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $15,482,000. Trueblood Wealth Management LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter valued at about $220,000. Silver Oak Securities Incorporated grew its stake in iShares MSCI USA Min Vol Factor ETF by 57.7% in the third quarter. Silver Oak Securities Incorporated now owns 31,510 shares of the company’s stock valued at $2,869,000 after purchasing an additional 11,535 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 32.0% in the third quarter. Global Trust Asset Management LLC now owns 1,445 shares of the company’s stock worth $132,000 after purchasing an additional 350 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in iShares MSCI USA Min Vol Factor ETF by 1.1% in the third quarter. Brighton Jones LLC now owns 9,999 shares of the company’s stock worth $913,000 after purchasing an additional 111 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

BATS:USMV opened at $91.00 on Friday. The company’s 50-day simple moving average is $91.06 and its 200-day simple moving average is $86.29. 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 stock has a market capitalization of $26.66 billion, a P/E ratio of 25.30 and a beta of 0.59.

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.