iShares MSCI USA Min Vol Factor ETF $USMV Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 59.5% in the 3rd quarter, Holdings Channel reports. The firm owned 19,718 shares of the company’s stock after selling 29,027 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of USMV. Avion Wealth grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 88.8% during the 2nd quarter. Avion Wealth now owns 304 shares of the company’s stock valued at $28,000 after buying an additional 143 shares during the last quarter. Chapman Financial Group LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the second quarter valued at approximately $29,000. Manning & Napier Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $30,000. Grey Fox Wealth Advisors LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF during the third quarter valued at approximately $35,000. Finally, Phillips Financial Management LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 2nd quarter worth approximately $46,000.

iShares MSCI USA Min Vol Factor ETF Trading Up 0.0%

Shares of BATS USMV opened at $96.05 on Friday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $96.65. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. The stock’s 50 day simple moving average is $94.87 and its 200 day simple moving average is $94.30.

iShares MSCI USA Min Vol Factor ETF Company 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.