Enzi Wealth Has $3.58 Million Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Enzi Wealth cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 73.3% during the 4th quarter, Holdings Channel reports. The firm owned 37,879 shares of the company’s stock after selling 103,920 shares during the period. iShares MSCI USA Min Vol Factor ETF makes up 1.3% of Enzi Wealth’s holdings, making the stock its 14th largest holding. Enzi Wealth’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMV. Insight Inv LLC bought a new stake in iShares MSCI USA Min Vol Factor ETF during the third quarter worth $1,083,000. Win Advisors Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the 3rd quarter valued at $899,000. Dynasty Wealth Management LLC raised its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 7.2% during the 3rd quarter. Dynasty Wealth Management LLC now owns 1,261,838 shares of the company’s stock worth $120,051,000 after buying an additional 84,969 shares in the last quarter. Becker Capital Management Inc. acquired a new position in shares of iShares MSCI USA Min Vol Factor ETF during the 3rd quarter worth $569,000. Finally, Cynosure Group LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 16.8% during the 3rd quarter. Cynosure Group LLC now owns 42,424 shares of the company’s stock worth $4,036,000 after buying an additional 6,104 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Stock Up 1.1%

BATS:USMV opened at $92.74 on Wednesday. The stock’s 50-day simple moving average is $95.16 and its 200 day simple moving average is $94.54. The firm has a market capitalization of $23.67 billion, a PE ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $98.07.

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.