Patton Albertson Miller Group LLC Sells 631 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Patton Albertson Miller Group LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,633 shares of the company’s stock after selling 631 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $715,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Key Financial Inc raised its stake in iShares MSCI USA Min Vol Factor ETF by 6.6% in the 1st quarter. Key Financial Inc now owns 1,794 shares of the company’s stock valued at $168,000 after acquiring an additional 111 shares during the period. Asset Dedication LLC boosted its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.3% during the first quarter. Asset Dedication LLC now owns 8,489 shares of the company’s stock valued at $795,000 after buying an additional 112 shares during the last quarter. Heritage Wealth Advisors boosted its position in iShares MSCI USA Min Vol Factor ETF by 27.4% in the fourth quarter. Heritage Wealth Advisors now owns 544 shares of the company’s stock worth $48,000 after purchasing an additional 117 shares during the last quarter. Compass Wealth Management LLC lifted its position in shares of iShares MSCI USA Min Vol Factor ETF by 82.0% during the 1st quarter. Compass Wealth Management LLC now owns 273 shares of the company’s stock valued at $26,000 after buying an additional 123 shares in the last quarter. Finally, Alta Wealth Advisors LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 1.8% during the 1st quarter. Alta Wealth Advisors LLC now owns 7,499 shares of the company’s stock valued at $702,000 after purchasing an additional 129 shares during the period.

iShares MSCI USA Min Vol Factor ETF Price Performance

BATS:USMV opened at $93.01 on Friday. The stock’s 50 day simple moving average is $93.05 and its two-hundred day simple moving average is $91.98. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72. iShares MSCI USA Min Vol Factor ETF has a 1 year low of $83.99 and a 1 year high of $95.12.

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.