Financial Advocates Investment Management Sells 13,112 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Financial Advocates Investment Management reduced its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 37.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,568 shares of the company’s stock after selling 13,112 shares during the quarter. iShares MSCI USA Min Vol Factor ETF makes up about 1.3% of Financial Advocates Investment Management’s holdings, making the stock its 28th biggest holding. Financial Advocates Investment Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.5% during the second quarter. Raymond James Financial Inc. now owns 13,315,040 shares of the company’s stock valued at $1,249,883,000 after buying an additional 191,453 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares MSCI USA Min Vol Factor ETF by 2.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,831,899 shares of the company’s stock worth $650,670,000 after buying an additional 156,234 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock valued at $439,962,000 after acquiring an additional 81,787 shares in the last quarter. Millburn Ridgefield LLC DE grew its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 5.4% during the 3rd quarter. Millburn Ridgefield LLC DE now owns 3,752,960 shares of the company’s stock worth $357,057,000 after acquiring an additional 190,646 shares during the period. Finally, Ameriprise Financial Inc. raised 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 worth $271,634,000 after acquiring an additional 452,184 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Down 0.9%

USMV opened at $95.19 on Friday. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock has a fifty day simple moving average of $94.68 and a two-hundred day simple moving average of $94.20. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $96.34.

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.