Brookwood Investment Group LLC Trims Holdings in iShares MSCI USA Min Vol Factor ETF $USMV

Brookwood Investment Group LLC decreased its position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV) by 3.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,891 shares of the company’s stock after selling 241 shares during the quarter. Brookwood Investment Group LLC’s holdings in iShares MSCI USA Min Vol Factor ETF were worth $741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,675,665 shares of the company’s stock worth $628,581,000 after buying an additional 51,463 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 3.4% during the 1st quarter. LPL Financial LLC now owns 5,876,594 shares of the company’s stock worth $550,402,000 after buying an additional 190,680 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,686,964 shares of the company’s stock worth $439,962,000 after buying an additional 81,787 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 17.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,846,029 shares of the company’s stock worth $360,219,000 after buying an additional 568,565 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of iShares MSCI USA Min Vol Factor ETF by 10.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,440,656 shares of the company’s stock worth $228,646,000 after buying an additional 235,117 shares in the last quarter.

iShares MSCI USA Min Vol Factor ETF Trading Up 7.1%

USMV opened at $94.93 on Tuesday. iShares MSCI USA Min Vol Factor ETF has a 12-month low of $83.99 and a 12-month high of $95.12. The business’s fifty day simple moving average is $94.30 and its 200-day simple moving average is $93.22. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.

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.