Joseph Group Capital Management lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,330 shares of the company’s stock after selling 469 shares during the quarter. Joseph Group Capital Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $578,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at about $30,000. Gleason Group Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $32,000. Hantz Financial Services Inc. bought a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter valued at $33,000. Strategic Financial Concepts LLC purchased a new stake in iShares MSCI USA Min Vol Factor ETF in the second quarter worth $35,000. Finally, Fortitude Family Office LLC bought a new stake in shares of iShares MSCI USA Min Vol Factor ETF in the third quarter valued at $38,000.
iShares MSCI USA Min Vol Factor ETF Stock Performance
USMV stock opened at $91.49 on Tuesday. The stock has a fifty day moving average of $91.47 and a 200-day moving average of $87.49. 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 company has a market capitalization of $26.81 billion, a price-to-earnings 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.
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