ARS Wealth Advisors Group LLC Sells 64,421 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

ARS Wealth Advisors Group LLC decreased its holdings in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 413,256 shares of the company’s stock after selling 64,421 shares during the quarter. iShares MSCI USA Min Vol Factor ETF accounts for about 5.5% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 2nd largest position. ARS Wealth Advisors Group LLC owned approximately 0.16% of iShares MSCI USA Min Vol Factor ETF worth $38,706,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in USMV. Tallon Kerry Patrick acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $621,000. Capital & Planning LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 0.5% in the fourth quarter. Capital & Planning LLC now owns 117,575 shares of the company’s stock worth $10,439,000 after buying an additional 562 shares during the last quarter. Brighton Jones LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 12.9% in the fourth quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock worth $1,002,000 after buying an additional 1,291 shares during the last quarter. DAVENPORT & Co LLC grew its position in iShares MSCI USA Min Vol Factor ETF by 31.3% in the fourth quarter. DAVENPORT & Co LLC now owns 4,071 shares of the company’s stock worth $361,000 after buying an additional 971 shares during the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new position in iShares MSCI USA Min Vol Factor ETF in the fourth quarter worth approximately $638,000.

iShares MSCI USA Min Vol Factor ETF Stock Performance

iShares MSCI USA Min Vol Factor ETF stock opened at $93.77 on Friday. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 24.27 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $82.32 and a 1 year high of $95.12. The firm’s 50 day moving average price is $91.53 and its two-hundred day moving average price is $91.79.

About iShares MSCI USA Min Vol Factor ETF

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.