Clearstead Advisors LLC Has $9.64 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Clearstead Advisors LLC lowered its stake in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 9.9% in the third quarter, Holdings Channel.com reports. The firm owned 101,314 shares of the company’s stock after selling 11,118 shares during the period. Clearstead Advisors LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $9,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Secure Asset Management LLC grew its holdings in iShares MSCI USA Min Vol Factor ETF by 2.8% during the third quarter. Secure Asset Management LLC now owns 3,904 shares of the company’s stock worth $371,000 after buying an additional 108 shares in the last quarter. Patriot Investment Management Group Inc. boosted its holdings in iShares MSCI USA Min Vol Factor ETF by 0.4% during the 3rd quarter. Patriot Investment Management Group Inc. now owns 29,572 shares of the company’s stock worth $2,814,000 after acquiring an additional 111 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,122 shares of the company’s stock worth $582,000 after acquiring an additional 111 shares in the last quarter. Partners Capital Investment Group LLP raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 0.4% in the third quarter. Partners Capital Investment Group LLP now owns 29,220 shares of the company’s stock valued at $2,780,000 after purchasing an additional 112 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 4.1% during the third quarter. Modera Wealth Management LLC now owns 2,836 shares of the company’s stock valued at $270,000 after purchasing an additional 113 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Performance

Shares of USMV stock opened at $95.80 on Tuesday. The company has a market capitalization of $24.45 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 52-week low of $83.99 and a 52-week high of $96.65. The company has a 50-day simple moving average of $94.93 and a two-hundred day simple moving average of $94.36.

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.