Aries Wealth Management Sells 1,483 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Aries Wealth Management lessened its position in iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,141 shares of the company’s stock after selling 1,483 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises about 1.0% of Aries Wealth Management’s portfolio, making the stock its 27th largest holding. Aries Wealth Management’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $3,666,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $27,000. Howe & Rusling Inc. raised its holdings in iShares MSCI USA Min Vol Factor ETF by 94.2% in the 4th quarter. Howe & Rusling Inc. now owns 301 shares of the company’s stock valued at $27,000 after acquiring an additional 146 shares during the period. Stonebridge Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $28,000. Chapman Financial Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $28,000. Finally, Millstone Evans Group LLC bought a new position in iShares MSCI USA Min Vol Factor ETF in the 4th quarter valued at about $38,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 4.9%

iShares MSCI USA Min Vol Factor ETF stock opened at $92.95 on Friday. The stock has a market cap of $23.83 billion, a P/E ratio of 24.27 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $82.66 and a twelve month high of $95.12. The company’s 50-day moving average price is $91.94 and its two-hundred day moving average price is $91.76.

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.