Maridea Wealth Management LLC Sells 25,311 Shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV)

Maridea Wealth Management LLC lessened its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 45.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,029 shares of the company’s stock after selling 25,311 shares during the period. iShares MSCI USA Min Vol Factor ETF comprises 0.9% of Maridea Wealth Management LLC’s holdings, making the stock its 21st largest position. Maridea Wealth Management LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in iShares MSCI USA Min Vol Factor ETF by 12.9% in the 4th quarter. Brighton Jones LLC now owns 11,290 shares of the company’s stock valued at $1,002,000 after purchasing an additional 1,291 shares during the last quarter. Blair William & Co. IL lifted its position in iShares MSCI USA Min Vol Factor ETF by 0.7% during the fourth quarter. Blair William & Co. IL now owns 89,029 shares of the company’s stock worth $7,905,000 after acquiring an additional 622 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 0.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 51,755 shares of the company’s stock worth $4,595,000 after acquiring an additional 212 shares during the last quarter. Allianz SE acquired a new stake in iShares MSCI USA Min Vol Factor ETF during the fourth quarter worth approximately $5,099,000. Finally, Walled Lake Planning & Wealth Management LLC lifted its position in iShares MSCI USA Min Vol Factor ETF by 3.1% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 166,151 shares of the company’s stock worth $14,753,000 after acquiring an additional 5,052 shares during the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 6.3%

Shares of USMV opened at $94.19 on Monday. iShares MSCI USA Min Vol Factor ETF has a 12 month low of $83.99 and a 12 month high of $95.12. The firm’s 50 day moving average is $93.16 and its 200-day moving average is $92.23. The stock has a market capitalization of $24.04 billion, a PE ratio of 22.90 and a beta of 0.72.

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.