Berger Financial Group Inc Sells 2,269 Shares of iShares MSCI USA Min Vol Factor ETF $USMV

Berger Financial Group Inc cut its holdings in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 43.7% during the 2nd quarter, Holdings Channel reports. The firm owned 2,923 shares of the company’s stock after selling 2,269 shares during the period. Berger Financial Group Inc’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Compass Wealth Management LLC increased its stake in 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 worth $26,000 after acquiring an additional 123 shares during the period. ROSS JOHNSON & Associates LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $28,000. Columbia River Financial Group LLC acquired a new stake in shares of iShares MSCI USA Min Vol Factor ETF during the 1st quarter worth $30,000. Flaharty Asset Management LLC bought a new position in shares of iShares MSCI USA Min Vol Factor ETF in the first quarter worth $30,000. Finally, LRI Investments LLC acquired a new position in iShares MSCI USA Min Vol Factor ETF in the first quarter valued at about $33,000.

iShares MSCI USA Min Vol Factor ETF Stock Up 7.3%

USMV opened at $95.14 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a twelve month low of $83.99 and a twelve month high of $95.12. The company has a 50-day simple moving average of $93.85 and a 200 day simple moving average of $92.82. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.