iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,224 shares of the company’s stock after selling 11,526 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.10% of iShares MSCI USA Min Vol Factor ETF worth $25,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 18.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,892,840 shares of the company’s stock valued at $271,634,000 after buying an additional 452,184 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares MSCI USA Min Vol Factor ETF by 26.3% in the second quarter. Cetera Investment Advisers now owns 2,142,277 shares of the company’s stock valued at $201,096,000 after acquiring an additional 445,896 shares in the last quarter. Truist Financial Corp grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 147.7% during the second quarter. Truist Financial Corp now owns 731,634 shares of the company’s stock worth $68,678,000 after purchasing an additional 436,281 shares during the last quarter. Portfolio Design Labs LLC purchased a new position in shares of iShares MSCI USA Min Vol Factor ETF during the second quarter worth about $34,671,000. Finally, Ascent Group LLC increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1,116.1% during the second quarter. Ascent Group LLC now owns 308,114 shares of the company’s stock worth $28,923,000 after purchasing an additional 282,778 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $94.71 on Friday. The company has a market capitalization of $24.17 billion, a P/E ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a fifty-two week low of $83.99 and a fifty-two week high of $95.12. The stock has a 50-day simple moving average of $94.33 and a 200-day simple moving average of $93.99.

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.